ECB Press release - Interest rate decision

NEWS RELEASE - Monetary policy decisions, 17 September.

Following the terrorist attacks on the US, uncertainty about the US and the world economy has increased. The Federal Open Market Committee has reacted by lowering its target for the federal funds rate today. In concert with this decision, the Governing Council of the ECB met today by means of teleconferencing and took the following monetary policy decisions:

The minimum bid rate on the main refinancing operations of the Eurosystem will be