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Europe Daily Bulletin No. 9875

3 April 2009
GENERAL NEWS / (eu) eu/ecb
Further relaxation of monetary policy, with interest rates down by 25 basis points

Brussels, 02/04/2009 (Agence Europe) - At its meeting on Thursday 2 April, the Board of Governors of the European Central bank (ECB) decided to further relax its monetary policy. It decided to lower euro area interest rates by 25 basis points. The interest rate on the main refinancing operations of the Eurosystem has been decreased to 1.25%. The interest on the marginal lending facility has fallen to 2.25% and the interest rate on the deposit facility to 0.25%. This is the third reduction...

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A LOOK BEHIND THE NEWS
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