If you have paid attention to the foreign exchange market, you may see the "three benchmark interest rates of the European Central Bank" in some information from time to time. What are the three benchmark interest rates of the European Central Bank?

1, refinancing operation interest rate: refinancing refers to the interest rate that commercial banks and other financial institutions lend to the central bank, which is similar to the rediscount and refinancing interest rates in China.

2. Marginal loan interest rate: Marginal loan interest rate refers to the interest rate of borrowing money for investment, just like the margin loan interest rate in China, but the marginal loan interest rate is higher in Europe than that in China.

3. Time deposit interest rate: This is easy to understand, which is the interest rate that banks need to pay for a fixed-term deposit.

The EU is a model of regional economic integration. The European Union has a unified currency, the euro, and the currency is issued by the central bank. Naturally, there is a unified central bank. The European Central Bank is a financial institution established to adapt to the issuance and circulation of the euro, and it is also the product of European economic integration.