Be the first to comment!European Central Bank increases interest rates again
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At today’s meeting the Governing Council of the ECB took the decision to raise interesst rates again, for the second time in three months.
The interest rate on the main refinancing operations of the Eurosystem will be increased by 25 basis points to 1.50%, starting from the operation to be settled on 13 July 2011.
The interest rate on the marginal lending facility will be increased by 25 basis points to 2.25%, with effect from 13 July 2011.
The interest rate on the deposit facility will be increased by 25 basis points to 0.75%, with effect from 13 July 2011.
Despite pressure on the Bank of England to increase interest rates today, the Bank’s monetary policy committee instead, for the 29th consecutive month, voted to keep rates at a record low of 0.5%.
