PRESS RELEASE

Monetary policy decisions

22 April 1999

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

  1. The interest rates on the main refinancing operations, the marginal lending facility and the deposit facility will remain unchanged at 2.5%, 3.5% and 1.5%, respectively.
  2. For the longer-term refinancing operations to be settled during the next six months, the intention is to allot an unchanged amount of EUR 15 billion per operation.

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