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Europe Daily Bulletin No. 7962

11 May 2001
Contents Publication in full By article 10 / 50
GENERAL NEWS / (eu) eu/ecb
ECB cuts key rates by 0.25 percentage point - bringing monetary policy into line

Brussels, 10/05/2001 (Agence Europe) - The Governing Council of the European Central Bank (ECB) decided on Tuesday to lower its key rates by 0.25 percentage points. The ECB justified its decision by a fall in inflationary pressure and a slowdown in the growth of the monetary mass. The minimum submission rate applied to main Eurosystem financing operations was thus lowered to 4.50%. The interest rate on the marginal lending facility (floor rate) and that of the deposit facility (ceiling rate)...

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THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
SUPPLEMENT