At the meeting of the Governing Council of the European Central Bank it decided that the interest rate on the main refinancing operations and the interest rates.
It will also introduce new stimulus measures in the way of an asset purchase programme, to buy bank debts.
On the marginal lending facility will decrease to 0.05% and 0.30% respectively. The interest rate on the deposit facility will decrease to -0.20%.
The details are as below:
The interest rate on the main refinancing operations of the Eurosystem will be decreased by 10 basis points to 0.05%, starting from the operation to be settled on 10 September 2014.
The interest rate on the marginal lending facility will be decreased by 10 basis points to 0.30%, with effect from 10 September 2014.
The interest rate on the deposit facility will be decreased by 10 basis points to -0.20%, with effect from 10 September 2014.