The ECB’s Governing Council lowers interest rates

July 5, 2012
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

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 25 basis points to 0.75%, starting from the operation to be settled on 11 July 2012.

The interest rate on the marginal lending facility will be decreased by 25 basis points to 1.50%, with effect from 11 July 2012.

The interest rate on the deposit facility will be decreased by 25 basis points to 0.00%, with effect from 11 July 2012.