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Europe Daily Bulletin No. 9897

8 May 2009
GENERAL NEWS / (eu) eu/ecb
ECB lowers key interest rate to 1% and expands range of lending measures

Brussels, 07/05/2009 (Agence Europe) - On Thursday 7 May, the European Central Bank (ECB) decided to lower (as from 13 May) interest rates applying to major refinancing operations of 25 base points, to 1%. On the other hand, the deposit facility rate stayed at 0.25% and falls by 50 base points to than of the marginal lending rate at 1.75%. The ECB also broke new ground by deciding on unprecedented “non-conventional” measures, with a view to providing the markets with liquidity and...

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