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

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On 5 July 2012, Mario Draghi, President of the European Central Bank (ECB), commented on the considerations underlying monetary policy decisions during a press conference. At the meeting, the Governing Council of the ECB took the following monetary policy decisions: The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 0.75%, starting from the operation to be settled on 11 July 2012; The interest rate on the marginal lending facility will be decreased by 25 basis points to 1.50%, with effect from 11 July 2012; The interest rate on the deposit facility will be decreased by 25 basis points to 0.00%, with effect from 11 July 2012.
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Type: EbS   Reference: 86780   Date: 05/07/2012   Duration: 00:03:14
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