Historical Year Data · 2016
ECB Main Refinancing Rate in 2016
ECB Main Refinancing Rate opened 2016 at 0.00% and closed at 0.00%, a +0.00% move for the year. The high of 0.00% was reached on March 16, and the low of 0.00% on March 16.
Open
0.00%
2016-01
Close
0.00%
1 data points
High
0.00%
Mar 16
Low
0.00%
Mar 16
Full Year Change
+0.00%
2015 Change
+0.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 0.00% | 0.00% | 0.00% | 0.00% | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
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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