Historical Year Data · 2014

ECB Main Refinancing Rate in 2014

ECB Main Refinancing Rate opened 2014 at 0.15% and closed at 0.05%, a -66.67% move for the year. The high of 0.15% was reached on June 11, and the low of 0.05% on September 10.

Open

0.15%

2014-01

0.05%

2 data points

High

0.15%

Jun 11

Low

0.05%

Sep 10

Full Year Change

-66.67%

2013 Change

-50.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jun	0.15%	0.15%	0.15%	0.15%	+0.00%
Sep	0.05%	0.05%	0.05%	0.05%	+0.00%

Events During 2014

2014-2016 Oil Price Collapse

Deflation

June 2014 – February 2016

Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.

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