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
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About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.