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 10 basis points to 0.05%, starting from the operation to be settled on 10 September 2014. 2.The interest rate on the marginal lending facility will be decreased by 10 basis points to 0.30%, with effect from 10 September 2014. 3.The interest rate on the deposit facility will be decreased by 10 basis points to -0.20%, with effect from 10 September 2014. The President of the ECB will comment on the considerations underlying these ... (full story)