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Rate Gap Monitor · Timeline

Every ECB decision, and how Irish banks responded

Each change to the ECB deposit facility rate back to 1999, paired with the Irish business deposit rate in the same month and three months on. One anchor per decision, so you can link straight to the one you need.

Updated 2026-07-10 · Back to the gap chart

  1. 2026-06-17

    + 25 bps

    ECB raised the deposit facility rate to 2.25%

    Irish deposit-rate response pending data ingest.

  2. 2025-06-11

    -25 bps

    ECB cut the deposit facility rate to 2.00%

    Irish banks paid businesses 0.07% on overnight deposits in June 2025, and 0.07% three months later.

  3. 2025-04-23

    -25 bps

    ECB cut the deposit facility rate to 2.25%

    Irish banks paid businesses 0.05% on overnight deposits in April 2025, and 0.07% three months later.

  4. 2025-03-12

    -25 bps

    ECB cut the deposit facility rate to 2.50%

    Irish banks paid businesses 0.07% on overnight deposits in March 2025, and 0.07% three months later.

  5. 2025-02-05

    -25 bps

    ECB cut the deposit facility rate to 2.75%

    Irish banks paid businesses 0.10% on overnight deposits in February 2025, and 0.05% three months later.

  6. 2024-12-18

    -25 bps

    ECB cut the deposit facility rate to 3.00%

    Irish banks paid businesses 0.11% on overnight deposits in December 2024, and 0.07% three months later.

  7. 2024-10-23

    -25 bps

    ECB cut the deposit facility rate to 3.25%

    Irish banks paid businesses 0.12% on overnight deposits in October 2024, and 0.10% three months later.

  8. 2024-09-18

    -25 bps

    ECB cut the deposit facility rate to 3.50%

    Irish banks paid businesses 0.12% on overnight deposits in September 2024, and 0.11% three months later.

  9. 2024-06-12

    -25 bps

    ECB cut the deposit facility rate to 3.75%

    Irish banks paid businesses 0.11% on overnight deposits in June 2024, and 0.12% three months later.

  10. 2023-09-20

    + 25 bps

    ECB raised the deposit facility rate to 4.00%

    Irish banks paid businesses 0.11% on overnight deposits in September 2023, and 0.10% three months later.

  11. 2023-08-02

    + 25 bps

    ECB raised the deposit facility rate to 3.75%

    Irish banks paid businesses 0.09% on overnight deposits in August 2023, and 0.12% three months later.

  12. 2023-06-21

    + 25 bps

    ECB raised the deposit facility rate to 3.50%

    Irish banks paid businesses 0.10% on overnight deposits in June 2023, and 0.11% three months later.

  13. 2023-05-10

    + 25 bps

    ECB raised the deposit facility rate to 3.25%

    Irish banks paid businesses 0.08% on overnight deposits in May 2023, and 0.09% three months later.

  14. 2023-03-22

    + 50 bps

    ECB raised the deposit facility rate to 3.00%

    Irish banks paid businesses 0.05% on overnight deposits in March 2023, and 0.10% three months later.

  15. 2023-02-08

    + 50 bps

    ECB raised the deposit facility rate to 2.50%

    Irish banks paid businesses 0.05% on overnight deposits in February 2023, and 0.08% three months later.

  16. 2022-12-21

    + 50 bps

    ECB raised the deposit facility rate to 2.00%

    Irish banks paid businesses 0.04% on overnight deposits in December 2022, and 0.05% three months later.

  17. 2022-11-02

    + 75 bps

    ECB raised the deposit facility rate to 1.50%

    Irish banks paid businesses 0.04% on overnight deposits in November 2022, and 0.05% three months later.

  18. 2022-09-14

    + 75 bps

    ECB raised the deposit facility rate to 0.75%

    Irish banks paid businesses 0.03% on overnight deposits in September 2022, and 0.04% three months later.

  19. 2022-07-27

    + 50 bps

    ECB raised the deposit facility rate to 0.00%

    Irish banks paid businesses -0.09% on overnight deposits in July 2022, and 0.03% three months later.

  20. 2019-09-18

    -10 bps

    ECB cut the deposit facility rate to -0.50%

    Irish banks paid businesses 0.04% on overnight deposits in September 2019, and 0.04% three months later.

  21. 2016-03-16

    -10 bps

    ECB cut the deposit facility rate to -0.40%

    Irish banks paid businesses 0.22% on overnight deposits in March 2016, and 0.22% three months later.

  22. 2015-12-09

    -10 bps

    ECB cut the deposit facility rate to -0.30%

    Irish banks paid businesses 0.22% on overnight deposits in December 2015, and 0.22% three months later.

  23. 2014-09-10

    -10 bps

    ECB cut the deposit facility rate to -0.20%

    Irish banks paid businesses 0.29% on overnight deposits in September 2014, and 0.31% three months later.

  24. 2014-06-11

    -10 bps

    ECB cut the deposit facility rate to -0.10%

    Irish banks paid businesses 0.30% on overnight deposits in June 2014, and 0.29% three months later.

  25. 2012-07-11

    -25 bps

    ECB cut the deposit facility rate to 0.00%

    Irish banks paid businesses 0.29% on overnight deposits in July 2012, and 0.24% three months later.

  26. 2011-12-14

    -25 bps

    ECB cut the deposit facility rate to 0.25%

    Irish banks paid businesses 0.26% on overnight deposits in December 2011, and 0.24% three months later.

  27. 2011-11-09

    -25 bps

    ECB cut the deposit facility rate to 0.50%

    Irish banks paid businesses 0.29% on overnight deposits in November 2011, and 0.23% three months later.

  28. 2011-07-13

    + 25 bps

    ECB raised the deposit facility rate to 0.75%

    Irish banks paid businesses 0.33% on overnight deposits in July 2011, and 0.29% three months later.

  29. 2011-04-13

    + 25 bps

    ECB raised the deposit facility rate to 0.50%

    Irish banks paid businesses 0.32% on overnight deposits in April 2011, and 0.33% three months later.

  30. 2009-04-08

    -25 bps

    ECB cut the deposit facility rate to 0.25%

    Irish banks paid businesses 0.40% on overnight deposits in April 2009, and 0.36% three months later.

  31. 2009-03-11

    -50 bps

    ECB cut the deposit facility rate to 0.50%

    Irish banks paid businesses 0.40% on overnight deposits in March 2009, and 0.30% three months later.

  32. 2009-01-21

    -100 bps

    ECB cut the deposit facility rate to 1.00%

    Irish banks paid businesses 0.71% on overnight deposits in January 2009, and 0.40% three months later.

  33. 2008-12-10

    -75 bps

    ECB cut the deposit facility rate to 2.00%

    Irish banks paid businesses 0.68% on overnight deposits in December 2008, and 0.40% three months later.

  34. 2008-11-12

    -50 bps

    ECB cut the deposit facility rate to 2.75%

    Irish banks paid businesses 0.97% on overnight deposits in November 2008, and 0.53% three months later.

  35. 2008-10-09

    + 50 bps

    ECB raised the deposit facility rate to 3.25%

    Irish banks paid businesses 1.03% on overnight deposits in October 2008, and 0.71% three months later.

  36. 2008-10-08

    -50 bps

    ECB cut the deposit facility rate to 2.75%

    Irish banks paid businesses 1.03% on overnight deposits in October 2008, and 0.71% three months later.

  37. 2008-07-09

    + 25 bps

    ECB raised the deposit facility rate to 3.25%

    Irish banks paid businesses 0.97% on overnight deposits in July 2008, and 1.03% three months later.

  38. 2007-06-13

    + 25 bps

    ECB raised the deposit facility rate to 3.00%

    Irish banks paid businesses 1.07% on overnight deposits in June 2007, and 0.94% three months later.

  39. 2007-03-14

    + 25 bps

    ECB raised the deposit facility rate to 2.75%

    Irish banks paid businesses 0.91% on overnight deposits in March 2007, and 1.07% three months later.

  40. 2006-12-13

    + 25 bps

    ECB raised the deposit facility rate to 2.50%

    Irish banks paid businesses 0.72% on overnight deposits in December 2006, and 0.91% three months later.

  41. 2006-10-11

    + 25 bps

    ECB raised the deposit facility rate to 2.25%

    Irish banks paid businesses 0.68% on overnight deposits in October 2006, and 0.73% three months later.

  42. 2006-08-09

    + 25 bps

    ECB raised the deposit facility rate to 2.00%

    Irish banks paid businesses 0.63% on overnight deposits in August 2006, and 0.69% three months later.

  43. 2006-06-15

    + 25 bps

    ECB raised the deposit facility rate to 1.75%

    Irish banks paid businesses 0.61% on overnight deposits in June 2006, and 0.72% three months later.

  44. 2006-03-08

    + 25 bps

    ECB raised the deposit facility rate to 1.50%

    Irish banks paid businesses 0.52% on overnight deposits in March 2006, and 0.61% three months later.

  45. 2005-12-06

    + 25 bps

    ECB raised the deposit facility rate to 1.25%

    Irish banks paid businesses 0.44% on overnight deposits in December 2005, and 0.52% three months later.

  46. 2003-06-06

    -50 bps

    ECB cut the deposit facility rate to 1.00%

    Irish banks paid businesses 0.31% on overnight deposits in June 2003, and 0.32% three months later.

  47. 2003-03-07

    -25 bps

    ECB cut the deposit facility rate to 1.50%

    Irish banks paid businesses 0.33% on overnight deposits in March 2003, and 0.31% three months later.

  48. 2002-12-06

    -50 bps

    ECB cut the deposit facility rate to 1.75%

    Irish banks paid businesses 0.06% on overnight deposits in December 2002, and 0.33% three months later.

  49. 2001-11-09

    -50 bps

    ECB cut the deposit facility rate to 2.25%

    Irish banks paid businesses 0.07% on overnight deposits in November 2001, and 0.07% three months later.

  50. 2001-09-18

    -50 bps

    ECB cut the deposit facility rate to 2.75%

    Irish banks paid businesses 0.16% on overnight deposits in September 2001, and 0.07% three months later.

  51. 2001-08-31

    -25 bps

    ECB cut the deposit facility rate to 3.25%

    Irish banks paid businesses 0.24% on overnight deposits in August 2001, and 0.07% three months later.

  52. 2001-05-11

    -25 bps

    ECB cut the deposit facility rate to 3.50%

    Irish banks paid businesses 0.24% on overnight deposits in May 2001, and 0.24% three months later.

  53. 2000-10-06

    + 25 bps

    ECB raised the deposit facility rate to 3.75%

    Irish banks paid businesses 0.31% on overnight deposits in October 2000, and 0.32% three months later.

  54. 2000-09-01

    + 25 bps

    ECB raised the deposit facility rate to 3.50%

    Irish banks paid businesses 0.26% on overnight deposits in September 2000, and 0.32% three months later.

  55. 2000-06-09

    + 50 bps

    ECB raised the deposit facility rate to 3.25%

    Irish banks paid businesses 0.24% on overnight deposits in June 2000, and 0.26% three months later.

  56. 2000-04-28

    + 25 bps

    ECB raised the deposit facility rate to 2.75%

    Irish banks paid businesses 0.15% on overnight deposits in April 2000, and 0.26% three months later.

  57. 2000-03-17

    + 25 bps

    ECB raised the deposit facility rate to 2.50%

    Irish banks paid businesses 0.14% on overnight deposits in March 2000, and 0.24% three months later.

  58. 2000-02-04

    + 25 bps

    ECB raised the deposit facility rate to 2.25%

    Irish banks paid businesses 0.09% on overnight deposits in February 2000, and 0.15% three months later.

  59. 1999-11-05

    + 50 bps

    ECB raised the deposit facility rate to 2.00%

    Irish deposit-rate response pending data ingest.

  60. 1999-04-09

    -50 bps

    ECB cut the deposit facility rate to 1.50%

    Irish deposit-rate response pending data ingest.

  61. 1999-01-22

    -75 bps

    ECB cut the deposit facility rate to 2.00%

    Irish deposit-rate response pending data ingest.

  62. 1999-01-04

    + 75 bps

    ECB raised the deposit facility rate to 2.75%

    Irish deposit-rate response pending data ingest.