LTH CB Board issued resolution in line with ECB Decision 2024/1209 on remuneration for non-monetary deposits held by national central banks and ECB (ECB/2024/11).
Approved description of interest rates for deposits not related to monetary policy held at LTH CB (chart attached) and set out the resolution in force date for Dec. 1, 2024.
Key Aspects
The chart reflects ECB harmonized logic for setting interest rates on non-monetary deposits, provides legal basis for interest rates applicable to different types of deposits.
Interest rates set out in description are applied to all types of deposits held by LTH CB subject to one of the listed measures: ECB/2019/7 DALM Guidelines; ECB/2024/13 ERMS Guidelines; TARGET Guideline 2022/912 or TARGET-ECB Decision 2022/911.
Chapter II and III of the resolution cover definitions and rates for each deposit type.
Effectiveness
The resolution enters into force on Dec. 1, 2024.
Regulators
LTH PRL
Entity Types
Bank
Reference
OG 19095, 11/4/2024; Res 03-126, 10/31/2024; Dec 2024/1209, ECB/2024/11; Gd ECB/2019/7; Gd ECB/2024/13; Gd ECB/2022/912; Dec 2022/911
