Frankfurt, 05/07/2001 (Agence Europe) - On 5 July, the Governing Council of the European Central Bank kept its key rates unchanged. Thus, the minimum bid rate on the main refinancing operations remains at 4.50%, and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 5.50% and 3.50% respectively.
During his press conference, President Wim Duisenberg explained, as he had done in Strasbourg (see yesterday's EUROPE, p.9), that "overall, our...