8-Apr-2011 12:16 PM
European Central Bank raises interest rates for first time in almost three years
European Central Bank President Jean-Claude Tricket stated it would continue to monitor inflation risks "very closely" after raising interest rates on 07-Apr-2011 for the first time in almost three years. The interest rates were raised as follows:
-
The interest rate on the marginal lending facility will be increased by 25 basis points to 2.00%, with effect from 13-Apr-2011;
-
The interest rate on the main refinancing operations of the Eurosystem will be increased by 25 basis points to 1.25%, starting from the operation to be settled on 13-Apr-2011;
- The interest rate on the deposit facility will be increased by 25 basis points to 0.50%, with effect from 13-Apr-2011.