03/11/2011 15:04
The European Central Bank decided on Thursday to cut its interest rate by 25 base points.
The decision will be followed by the speech of the new ECB President, Mario Draghi.
The ECB announcement is as follows:
At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:
The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 1.25%, starting from the operation to be settled on 9 November 2011.
The interest rate on the marginal lending facility will be decreased by 25 basis points to 2.00%, with effect from 9 November 2011.
The interest rate on the deposit facility will be decreased by 25 basis points to 0.50%, with effect from 9 November 2011.
The decision will be followed by the speech of the new ECB President, Mario Draghi.
The ECB announcement is as follows:
At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:
The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 1.25%, starting from the operation to be settled on 9 November 2011.
The interest rate on the marginal lending facility will be decreased by 25 basis points to 2.00%, with effect from 9 November 2011.
The interest rate on the deposit facility will be decreased by 25 basis points to 0.50%, with effect from 9 November 2011.
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