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ECB decides to increase the main interest rate to 1.25%

08. April 2011. | 12:28

Source: Emg.rs

The interest rate on the main refinancing operations of the Eurosystem will be increased by 25 basis points to 1.25%, starting from the operation to be settled on 13 April 2011.

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 increased by 25 basis points to 1.25%, starting from the operation to be settled on 13 April 2011.

The interest rate on the marginal lending facility will be increased by 25 basis points to 2.00%, with effect from 13 April 2011.

The interest rate on the deposit facility will be increased by 25 basis points to 0.50%, with effect from 13 April 2011.

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.

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