ECB press release - Monetary policy decisions

At today's meeting the Governing Council of the ECB took the following monetary policy decisions:

30 August 2001

The minimum bid rate on the main refinancing operations of the Eurosystem will be reduced by 0.25 percentage point to 4.25%, starting from the operation to be settled on 5 September 2001.

The interest rate on the marginal lending facility will be reduced by 0.25 percentage point to 5.25%, with effect from 31 August 2001.

The interest rate on the deposit facility will be reduced by 0.25

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