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PRESS RELEASE

Monetary policy decisions

8 March 2007

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:

  1. The minimum bid rate on the main refinancing operations of the Eurosystem will be increased by 25 basis points to 3.75%, starting from the operation to be settled on 14 March 2007.
  2. The interest rate on the marginal lending facility will be increased by 25 basis points to 4.75%, with effect from 14 March 2007.
  3. The interest rate on the deposit facility will be increased by 25 basis points to 2.75%, with effect from 14 March 2007.

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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