Historical Year Data · 2008

ECB Main Refinancing Rate in 2008

ECB Main Refinancing Rate opened 2008 at 3.75% and closed at 2.50%, a -33.33% move for the year. The high of 3.75% was reached on October 15, and the low of 2.50% on December 10.

Open

3.75%

2008-01

2.50%

3 data points

High

3.75%

Oct 15

Low

2.50%

Dec 10

Full Year Change

-33.33%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Oct	3.75%	3.75%	3.75%	3.75%	+0.00%
Nov	3.25%	3.25%	3.25%	3.25%	+0.00%
Dec	2.50%	2.50%	2.50%	2.50%	+0.00%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

Next Year

ECB Main Refinancing Rate in 2009→