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Europe Daily Bulletin No. 10013

6 November 2009
GENERAL NEWS / (eu) eu/ecb
ECB maintains its rates and prepares for phasing out its enhanced credit support measures

Brussels, 05/11/2009 (Agence Europe) - On Thursday 5 November, the Governing Council of the European Central Bank (ECB) decided that the interest rate of the principal refinancing operations and those of the marginal loan facility and the deposit facility will remain unchanged, at 1%, 1.75% and 0.25% respectively. Although economic activity is set to improve in the second half of this year and inflation remains moderate, "the current rates remain appropriate", said Jean-Claude Trichet after...

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GENERAL NEWS