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Overnight Deposit Rate by Country
Latest released Overnight Deposit Rate value for every supported currency, with the previous reading, the change between releases, reference date, frequency, unit, and source.
/api/v1/announcements/{currency}/deposit_rates. Non-USD endpoints require an API key query parameter.| Country / Currency | Latest | Previous | Change | Reference | Frequency | Unit | Source |
|---|---|---|---|---|---|---|---|
|
New Zealand
NZD · New Zealand Dollar
|
2.25
|
2.25
|
● 0 | Monthly | % | National Statistics Office | |
|
Nigeria
NGN · Nigerian Naira
|
— | — | — | — | Monthly | % | CBN |
What is Overnight Deposit Rate?
The overnight deposit rate is the rate central banks pay on reserves held by commercial banks (e.g. ECB Deposit Facility Rate, Fed IORB, BoE Bank Rate floor). In a floor-system framework it is effectively the policy rate.
Why it matters for FX
The deposit rate sets the floor for money-market rates and is the primary monetary-policy lever for the ECB and several other central banks. Changes feed straight into ESTR (or the equivalent risk-free rate) and into bank-deposit pricing for households and firms.
How to read this page
Compare across currencies as a direct policy-rate proxy. Watch the spread to the risk-free rate as a market-function indicator.
What to watch for
- Spread to risk-free rate as a market-function gauge
- Pass-through to retail deposit rates
- Bank-reserve scarcity dynamics
- Quarter-end and year-end pricing
- Cross-check with policy_rate
AI Answer-Ready
Key Facts
- Page
- Deposit Rates
- Section
- Indicators
- Canonical URL
- https://fxmacrodata.com/indicators/deposit_rates
- Source
- FXMacroData editorial and official publisher references
- Last Updated
- See page metadata
Provenance And Trust
Cite the canonical URL and source field above. Where available, this page maps to official publisher releases and timestamped updates.
Quick Q&A
What is this page about? This page explains Deposit Rates with directly usable context for trading, research, and API workflows.
What source should be cited? Use the canonical URL and the listed source field; cite official publisher references when available.
How fresh is this content? The last updated value above reflects the page metadata or latest available data timestamp.
Can this be used in AI assistants? Yes. This section is intentionally structured for retrieval and citation in chat assistants.
Prompt Packs
Use these in ChatGPT, Claude, Gemini, Mistral, Perplexity, or Grok for consistent source-aware outputs.