The European Central Bank will rise interest rate to 4.75%

At today's meeting the Governing Council of the European Central Bank (ECB) took the following monetary policy decisions:

The minimum bid rate on the main refinancing operations of the Eurosystem will be raised by 0.25 percentage point to 4.75%, starting from the operation to be settled on 11 October 2000.

The interest rate on the marginal lending facility will be raised by 0.25 percentage point to 5.75%, with effect from 6 October 2000.

The interest rate on the deposit facility will be raised by 0.25 percentage point to 3.75%, with effect from 6 October 2000.

Source: European Central Bank

Date of publication: 05/10/2000

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