ECB Cuts Main Refinancing Rate to 1%


At today’s meeting the Governing Council of the ECB decoded the interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 1.00%, starting from the operation to be settled on 14 December 2011.

The interest rate on the marginal lending facility will be decreased by 25 basis points to 1.75%, with effect from 14 December 2011.

The interest rate on the deposit facility will be decreased by 25 basis points to 0.25%, with effect from 14 December 2011.


TradingEconomics.com, ECB
12/8/2011 12:50:21 PM