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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.
TEAGMHÁIL
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- media@ecb.europa.eu
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