ECB Press Release - Monetary policy decisions

PRESS RELEASE - European Central Bank press release on interest rate decisions, 8 November.

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 of the Eurosystem will be reduced by 0.50 percentage point to 3.25%, starting from the operation to be settled on 14 November 2001.

The interest rate on the marginal lending facility will be reduced by 0.50 percentage point to 4.25%, with effect from 9 N