The ECB raised the rate - what does it mean. Spoiler alert: nothing good
Rates are calculated in basis percentage points (b. P.). 1 b. P. - 1/100 of one percent, i.e 50 b. P. — 0,5% There are actually three ECB rates: Rate on main refinancing operations. This is the bet, by which the ECB lends money to banks for a week. This is the base rate.. Margin lending rate.