Monetary policy decisions
Central bank: ecb | Type: decision | Date: 2009-03-05

PRESS RELEASE
Monetary policy decisions
5 March 2009
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 50 basis points to 1.50%, starting from the operation to be settled on 11 March 2009.
The interest rate on the marginal lending facility will be decreased by 50 basis points to 2.50%, with effect from 11 March 2009.
The interest rate on the deposit facility will be decreased by 50 basis points to 0.50%, with effect from 11 March 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.