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PRESS RELEASE

Monetary policy decisions

6 May 2004

At today’s meeting, which was held in Helsinki, the Governing Council of the ECB decided that 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 2.00%, 3.00% and 1.00% respectively.

The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. (C.E.T.) today.