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Monetary Policy Decisions

Friday, 13 December 2002

At today’s meeting the Monetary Policy Committee reached the following monetary policy decisions:

  1. The interest rate on the marginal lending facility (Lombard) is reduced by 0,50 percentage points to 5,00%.
  2. The interest rate on the deposit facility remains at 2,50%.
  3. The reference value for the annual growth rate of bank credit remains at 11%.