European Central Bank cuts interest rate to 0.75%5 July, 2012, 19:47. Posted by Zarathustra
The European Central Bank cuts the main refinancing rate from 1% to 0.75% as expected, the lowest rate in ECB’s history. Meanwhile, interest rate on marginal lending facility will be cut by 25 bps to 1.5%, and interest rate on deposit facility will be cut by 25bps to 0%.
As usual, there will be press conference later, and it can be watched here