ECB Left Rates at 4

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U.S.Economy:

ECB Left Rates at 4%

Author: 123jump.com Staff
123jump.com
Last Update: 8:25 AM EDT May 08 2008

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At today’s meeting, which was held in Athens, 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 4.00%, 5.00% and 3.00% respectively.

The following is an unedited transcript of the news release from the European Central Bank.

At today’s meeting, which was held in Athens, 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 4.00%, 5.00% and 3.00% respectively.

Available at:

http://www.ecb.int/press/pr/date/2008/html/pr080508.en.html

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