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Europe Daily Bulletin No. 9757

9 October 2008
Contents Publication in full By article 24 / 34
GENERAL NEWS / (eu) eu/ecb
Concerted rate reductions by main central banks

Brussels, 08/10/2008 (Agence Europe) - After taking numerous steps over the past few weeks to provide the money market with liquidity, the world's main central banks cooperated further on Wednesday 8 October when they agreed jointly to lower their interest rates by half a percentage point. In the euro area, the minimum bid rate on the main refinancing operations is now 3.75%, and the interest rates on the marginal lending facility and the deposit facility are 4.75% and 2.75% respectively,...

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GENERAL NEWS