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Extracts from the press conference by Mario DRAGHI, President of the ECB, following the ECB Governing Council

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On 7 November 2013, Mario Draghi, President of the European Central Bank (ECB), gave a press conference following the ECB Governing Council. The ECB Governing Council took the following monetary policy: The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 0.25%, starting from the operation to be settled on 13 November 2013; The interest rate on the marginal lending facility will be decreased by 25 basis points to 0.75%, with effect from 13 November 2013; The interest rate on the deposit facility will remain unchanged at 0.00%.
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Type: Summary of press conference   Reference: I-083175   Date: 07/11/2013   Duration: 03:38
Personalities:   Draghi, Mario |   Constâncio, Vítor  
Location: Frankfurt-on-Main - European Central Bank  
Languages: ORIGINAL

Tags: European Central Bank | Interest rate | Monetary policy
Documents: LINKS,
© European Union, 2013   /   Source: EC - Audiovisual Service
Director: Catherine Vandezande
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