The minimum bid rate on the main refinancing operations will be reduced by 0.50 percentage point to 2.75%, starting from the operation to be settled on 11 December 2002.
The interest rate on the marginal lending facility will be reduced by 0.50 percentage point to 3.75%, with effect from 6 December 2002.
The interest rate on the deposit facility will be reduced by 0.50 percentage point to 1.75%, with effect from 6 December 2002.
The reference value for the annual growth rate of the broad monetary aggregate M3 will remain at 4½%.
(source: ECB)
