Euro Zone Deposit Facility Rate (July) 3.75% Vs. 3.75 Est. 3.50% Prior
Portfolio Pulse from Benzinga Newsdesk
The Euro Zone Deposit Facility Rate for July is reported at 3.75%, which is the same as the estimate but higher than the prior rate of 3.50%.
July 27, 2023 | 12:20 pm
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NEUTRAL IMPACT
The unchanged Euro Zone Deposit Facility Rate could impact VGK, an ETF that tracks European stocks.
The Euro Zone Deposit Facility Rate influences the borrowing costs for banks in the Euro Zone. As VGK tracks European stocks, changes in this rate could impact the performance of the ETF. However, as the rate remained unchanged, the impact is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75