Connect to share and comment

1st LD: ECB cuts interest rates

PlacardEnlarge
(Globalpost/GlobalPost)

FRANKFURT, June 5 (Xinhua) -- The European Central Bank (ECB) on Thursday announced that interest rates of the main refinancing operation, marginal lending facility and deposit facility will be cut to 0.15 percent, 0.4 percent and -0.1 percent respectively.

Further monetary policy measures will be published in a press release, according to an announcement made by the ECB. It is the first time that the ECB has decided to cut the deposit rate to negative.

http://www.globalpost.com/dispatch/news/xinhua-news-agency/140605/1st-ld-ecb-cuts-interest-rates