ECB Raises Benchmark Rate By 25 bps

April 7th, 2011 by Belisarius

ECB raised key benchmark rate to 1.25% from 1.00%.

Press release.

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:

  1. The interest rate on the main refinancing operations of the Eurosystem will be increased by 25 basis points to 1.25%, starting from the operation to be settled on 13 April 2011.
  2. The interest rate on the marginal lending facility will be increased by 25 basis points to 2.00%, with effect from 13 April 2011.
  3. The interest rate on the deposit facility will be increased by 25 basis points to 0.50%, with effect from 13 April 2011.

 

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