Monetary policy decisions
Central bank: ecb | Type: decision | Date: 2003-06-05

PRESS RELEASE
Monetary policy decisions
5 June 2003
At today's meeting the Governing Council of the ECB took the following monetary policy decisions:
The minimum bid rate on the main refinancing operations will be reduced by 0.50 percentage point to 2.00%, starting from the operation to be settled on 9 June 2003.
The interest rate on the marginal lending facility will be reduced by 0.50 percentage point to 3.00%, with effect from 6 June 2003.
The interest rate on the deposit facility will be reduced by 0.50 percentage point to 1.00%, with effect from 6 June 2003.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. today.