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Over the period shown, what is the average annual Main Refinancing Rate across all five years, minus the average annual Deposit Facility Rate across all five years? (Express in percentage points, rounded to two decimal places.)

ECB Main Refinancing Rate and Deposit Facility Rate (%), 2020–2024

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Explanation

Sum of Main Refinancing Rate: 0.0 + 0.0 + 2.0 + 4.5 + 4.25 = 10.75; average = 10.75 / 5 = 2.15% Sum of Deposit Facility Rate: −0.5 + (−0.5) + 1.5 + 4.0 + 3.75 = 8.25; average = 8.25 / 5 = 1.65% Difference = 2.15 − 1.65 = 0.50 percentage points

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