Press Release: Monetary policy decisions

At its meeting on 10 May 2001 the Governing Council of the ECB took the following monetary policy decisions: The minimum bid rate on the main refinancing operations of the Eurosystem would be reduced by 0.25% to 4.50%, starting from the operation to be settled on 15 May 2001. The interest rate on the marginal lending facility would be reduced by 0.25% to 5.50%, with effect from 11 May 2001. The interest rate on the deposit facility would be reduced by 0.25% to 3.50%, with effect from 11 May 2001.

• Primary Source

http://www.ecb.int/press/pr/activities/ecb/html/index.en.html http://www.ecb.int/press/pr/activities/ecb/html/index.en.html

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