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Europe Daily Bulletin No. 9957

7 August 2009
GENERAL NEWS / (eu) eu/ecb
Trichet says rates are right

Brussels, 06/08/2009 (Agence Europe) - On Thursday 6 August, the European Central Bank decided to keep Euro-zone interest rates at their current levels. The interest rate on the main refinancing operations therefore remains at 1.00% and rates on the marginal lending facility and the deposit facility remain at 1.75% and 0.25% respectively. This is the third consecutive time rates have remained unchanged and was expected by market actors who don't expect changes over the next year.

At the end...