Historical Year Data · 2006

ECB Marginal Lending Rate in 2006

ECB Marginal Lending Rate opened 2006 at 3.50% and closed at 4.50%, a +28.57% move for the year. The high of 4.50% was reached on December 13, and the low of 3.50% on March 8.

Open

3.50%

2006-01

4.50%

5 data points

High

4.50%

Dec 13

Low

3.50%

Mar 8

Full Year Change

+28.57%

2005 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	3.50%	3.50%	3.50%	3.50%	+0.00%
Jun	3.75%	3.75%	3.75%	3.75%	+0.00%
Aug	4.00%	4.00%	4.00%	4.00%	+0.00%
Oct	4.25%	4.25%	4.25%	4.25%	+0.00%
Dec	4.50%	4.50%	4.50%	4.50%	+0.00%

Events During 2006

2006 US Housing Market Peak

Goldilocks

June 2006 – February 2007

US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.

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