Deposit Facility
Deposit facility
The main function of the instrument is managing excess liquidity of banks and saving houses in the short term, where banks and saving houses may place funds in a deposit with the National Bank at their initiative. The maturity of the deposits is overnight and seven days. The interest rate on the overnight deposit is the threshold of short-term interest rates on the money market. Banks and saving houses may place funds in overnight deposit with the National Bank every day and may place funds in seven days deposit once a week, on Wednesday.
Data on deposit facility interest rate