At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: 1. The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 0.25%, starting from the operation to be settled on 13 November 2013. 2. The interest rate on the marginal lending facility will be decreased by 25 basis points to 0.75%, with effect from 13 November 2013. 3. The interest rate on the deposit facility will remain unchanged at 0.00%. The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 ... (full story)