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
30 Apr 2026
|
2.25
29 Apr 2026
|
● 0 | 30 Apr 2026 | Daily | Percent per annum | RBNZ |
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