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At today’s meeting, which was held in Paris, the Governing Council of the ECB took the following monetary policy decisions:
The minimum bid rate on the main refinancing operations of the Eurosystem will be increased by 25 basis points to 3.25%, starting from the operation to be settled on 11 October 2006.
The interest rate on the marginal lending facility will be increased by 25 basis points to 4.25%, with effect from 11 October 2006.
The interest rate on the deposit facility will be increased by 25 basis points to 2.25%, with effect from 11 October 2006.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. (CEST) today.
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