At today’s meeting the Governing Council of the European Central Bank decided to reduce the interest rates and announced the following monetary policy decisions:

The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 1.25%, starting from the operation to be settled on the 8th of April 2009.

The interest rate on the marginal lending facility will be decreased by 25 basis points to 2.25%, with effect from the 8th of April 2009.

The interest rate on the deposit facility will be decreased by 25 basis points to 0.25%, with effect from the 8th of April 2009.

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