ECB Raises Interest Rates to 1.5%


The European Central Bank raised interest rates for the second time this year on July 7, tightening policy to address high inflation in the Euro Area despite the threat to the 17 country region from its escalating debt crisis.

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 increased by 25 basis points to 1.50%, starting from the operation to be settled on 13 July 2011.

The interest rate on the marginal lending facility will be increased by 25 basis points to 2.25%, with effect from 13 July 2011.

The interest rate on the deposit facility will be increased by 25 basis points to 0.75%, with effect from 13 July 2011.


TradingEconomics.com, ECB
7/7/2011 1:07:12 PM