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Press conference by Mario Draghi, President of the ECB, following the ECB Governing Council meeting
On 6 June 2012, The Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively, as it increased the pressure on Euro Zone governments to tackle the debt crisis.
At a press conference, Mario Draghi, President of the European Central Bank (ECB), said that ECB Governing Council decided to continue conducting its main refinancing operations (MROs) as fixed rate tender procedures with full allotment for as long as necessary, and at least until the end of the 12th maintenance period of 2012 on 15 January 2013. LINK