ECB Press Release

PRESS RELEASE - Monetary policy decisions, 6 December 2001.

At today's meeting the Governing Council of the ECB took the following monetary policy decisions:

The minimum bid rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 3.25%, 4.25% and 2.25% respectively.

The reference value for the annual growth rate of the broad monetary aggregate M3 will remain at 4 ½%.

The President of the ECB will comment on