Deposit Facility

Deposit facility 

The main function of the instrument is managing excess liquidity in individual bank and/or in the banking system in the short term, where banks may place funds in a deposit with the National Bank at their initiative. The maturity of the deposits is overnight and seven days. The interest rate on the overnight deposit is the threshold of short-term interest rates on the money market and equals 0,15%. Banks may place funds in overnight deposit with the National Bank every day. The interest rates on the seven-day deposit is 0,3%, and banks may place funds with the National Bank once a week, on Wednesday. 

Decision on deposit facility 

Decision on amending the Decision on deposit facility 

Decision on amending the Decision on deposit facility 

Data on deposit facility interest rate