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Europe Daily Bulletin No. 8477

6 June 2003
Contents Publication in full By article 17 / 31
GENERAL NEWS / (eu) eu/ecb
ECB decides to reduce interest rates to historic low

Brussels, 05/06/2003 (Agence Europe) - In a context of falling inflation and sluggish economic growth in the Euro zone, the European Central Bank (ECB) decided on Thursday, during a meeting of its Board of Governors, to lower interest rates by 50 basis points. Hence the minimum submission rate applied to major financial transactions is brought from 2.50% to 2.00% (after 9 June for operations settled after this date), a level that has never been attained in the Euro zone since the end of the...

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