Greece Policy Rate (ECB Deposit Facility Rate)

What this value means

STRUCTURAL NOTE: Greece has NO national policy rate. The Bank of Greece (Trapeza tis Ellados) has had no independent monetary-policy competence since Greece joined the euro on 1 January 2001; monetary policy for the euro area is set by the ECB Governing Council under Art. 127-133 TFEU and the ESCB/ECB Statute, and the Governor of the Bank of Greece sits on that Council as one of its members but exercises no sovereign national rate-setting power. The value served is the euro-area-wide ECB deposit facility rate (DFR), which applies identically in all 20 euro-area members, not a Greek-specific rate. On 11 June 2026 the Governing Council raised all three key rates by 25 basis points with effect from 17 June 2026: deposit facility 2.25%, main refinancing operations (MRO) 2.40%, marginal lending facility 2.65%. This was the first ECB increase since September 2023, reversing part of the cuts delivered between June 2024 and June 2025; the ECB cited energy-driven inflation pressure from the Middle East conflict. The DFR is served here because since the 18 March 2024 framework change the ECB steers short-term money-market rates through the DFR and narrowed the MRO-DFR spread to 15bp; the MRO rate (2.40%) remains the headline 'refinancing' rate cited by some sources. No Governing Council monetary-policy meeting fell between 17 June 2026 and the last_confirmed date, so 2.25% is still in force. Access: ecb.europa.eu serves the full key-rates table as static HTML and loaded cleanly. COVERAGE FLOOR: this series begins on 2001-01-01, the date GR adopted the euro and ECB rates began to apply to it. Point-in-time queries before that date refuse, and correctly so — monetary policy was set nationally then and the ECB rate was not this country's policy rate. The pre-euro national series is a different instrument and would have to be researched from that central bank rather than inferred. ECB UPDATE (verified 2026-08-22): the Governing Council HELD on 23-24 July 2026 - deposit facility 2.25%, MRO 2.40%, marginal lending 2.65%, all unchanged and in effect since 17 June 2026 ('decided to keep the three key ECB interest rates unchanged'). Next monetary-policy meeting: 9-10 September 2026 (Berlin; decision 14:15 CET on the 10th), then 28-29 Oct and 16-17 Dec. A change takes effect from the start of the following reserve maintenance period - this series uses the EFFECTIVE date.

Earlier values

Get it programmatically

curl https://euroref.dev/v1/gr/policy-rate
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History:    curl https://euroref.dev/v1/gr/policy-rate/history?from=2020-01-01
# Provenance: curl https://euroref.dev/provenance/gr/policy-rate

Other Greece series: Value Added Tax (Foros Prostithemenis Axias, FPA) · VAT registration threshold · Statutory Minimum Wage (Katotatos Misthos) · Public Holidays · Consumer Price Inflation (Deiktis Timon Katanaloti, year-on-year) · Corporate Income Tax (Foros Eisodimatos Nomikon Prosopon) · Withholding tax rates · Personal Income Tax (Foros Eisodimatos Fysikon Prosopon) · Statutory social-insurance contributions · ECB main refinancing operations rate (fixed rate) · Late-payment interest (EU Late Payment Directive) · Statutory default interest (τόκος υπερημερίας)

The same figure elsewhere: Hungary · Iceland · Ireland · Italy · Latvia · all 34