Who sets a benchmark interest rate in the euro area?

In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term.

When did the ECB last publish a EUR/RUB reference rate?

The ECB last published a EUR/RUB reference rate on 1 March 2022. To import CSV files into your spreadsheet, choose a setting that uses a dot "." as decimal separator (such as UK or US format). The euro foreign exchange reference rates (also known as the ECB reference rates) are published by the ECB at around 16:00 CET.

When did the ECB start refinancing the Eurosystem?

On 8 June 2000 the ECB announced that, starting from the operation to be settled on 28 June 2000, the main refinancing operations of the Eurosystem would be conducted as variable rate tenders. The minimum bid rate refers to the minimum interest rate at which counterparties may place their bids.