At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:
1.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 8 April 2009.
2.The interest rate on the marginal lending facility will be decreased by 25 basis points to 2.25%, with effect from 8 April 2009.
3.The interest rate on the deposit facility will be decreased by 25 basis points to 0.25%, with effect from 8 April 2009.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today.
European Central Bank
Press and Information Division
Kaiserstrasse 29, D-60311 Frankfurt am Main
Tel.: +49 69 1344 7455, Fax: +49 69 1344 7404