Required reserve ratio interest rates
Since then, this ratio has been lowered to 1%. The total reserve requirements for euro area banks stand at around 113 billion euro (beginning of 2016). At the end of the maintenance period the central bank pays banks interest on their minimum reserve holdings – the interest rate is equivalent to the main refinancing operation (MRO) rate. These are called "minimum" or "required" reserves (MRR). Credit institutions subject to the Eurosystem's minimum reserve requirements How to calculate the minimum reserve requirements (reserve coefficients, standardised deductions and lump-sum allowance) Data List of institutions subject to the Eurosystem’s minimum reserve requirements