Historical Year Data · 2011

ECB Marginal Lending Rate in 2011

ECB Marginal Lending Rate opened 2011 at 2.00% and closed at 1.75%, a -12.50% move for the year. The high of 2.25% was reached on July 13, and the low of 1.75% on December 14.

Open

2.00%

2011-01

1.75%

4 data points

High

2.25%

Jul 13

Low

1.75%

Dec 14

Full Year Change

-12.50%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Apr	2.00%	2.00%	2.00%	2.00%	+0.00%
Jul	2.25%	2.25%	2.25%	2.25%	+0.00%
Nov	2.00%	2.00%	2.00%	2.00%	+0.00%
Dec	1.75%	1.75%	1.75%	1.75%	+0.00%

Events During 2011

2011 US Debt Ceiling & Downgrade

Mixed

July–August 2011

S&P stripped the United States of its AAA credit rating on August 5, 2011, the first time in history. Markets whipsawed as the debt ceiling fight showed political risk could reprice government creditworthiness.

2010 European Sovereign Debt Crisis

Deflation

April 2010 – July 2012

Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.

Next Year

ECB Marginal Lending Rate in 2012→