The deposit rate it pays to Banks on their excess cash is one percentage point below its policy rate, and provides a floor for overnight interest rates.

欧洲央行提供给商业银行的存款利率低于其政策利率1个百分点，并提供了一个隔夜利率的最低额。

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The Company maintains cash which is not presently required for operations on deposit which earns interest at a floating rate.

本公司将暂时无需运用之现金存放于以浮息计算之户口内以赚取利息。

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Banks can deposit all kinds of collateral with euro-area central banks in return for cash without paying a penalty rate, while, until the latest joint operation, the Fed still demanded a penalty rate as did the Bank of England, which also accepted only high-quality collateral.

ECONOMIST: The ECB dishes out ��350 billion