ECB Press Release
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 2.75%, starting from the operation to be settled on 11 December 2002.
The interest rate on the marginal lending facility will be reduced by 0.50 percentage point to 3.75%, with effect from 6 December 2002.
The interest rate on the deposit facility
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