Monetary policy decisions
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 and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 3.25%, 4.25% and 2.25% respectively.
- The reference value for the annual growth rate of the broad monetary aggregate M3 will remain at 4½%.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. today.