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ECB Press Conference - 5 June 2014

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At the on 5 June 2014, the Governing Council of the ECB took the following monetary policy decisions:

The interest rate on the main refinancing operations of the Eurosystem will be decreased by 10 basis points to 0.15%, starting from the operation to be settled on 11 June 2014.

The interest rate on the marginal lending facility will be decreased by 35 basis points to 0.40%, with effect from 11 June 2014.

The interest rate on the deposit facility will be decreased by 10 basis points to -0.10%, with effect from 11 June 2014. A separate press release to be published at 3.30 p.m. CET today will provide details on the implementation of the negative deposit facility rate. Show less
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About the ECB Play

Since 1 January 1999 the European Central Bank has been responsible for conducting monetary policy for the euro area (17 countries and 332 million inhabitants today).

Press Conferences Play

The monthly press conferences held by the President and the Vice-President immediately after the first Governing Council meeting of the month provides a timely and comprehensive summary of the policy-relevant assessment of economic developments.

Euro banknotes Play

The euro banknotes are the most tangible symbol of European integration and are used by 334 million people in 18 countries daily. The euro banknotes have been in circulation since 2002 and are currently being upgraded to make them even more secure. The new series of banknotes has been named the 'Europa series' after the figure from Greek mythology who gave her name to the continent and who appears in a number of security features of the new notes. The first denomination of the series to be issued was the new €5 banknote on 2 May 2013. The new €10 will follow on 23 September 2014. You can find out more about the euro banknotes and coins at http://www.new-euro-banknotes.eu or http://www.ecb.europa.eu/euro


The Single Euro Payments Area (SEPA) enables customers to make cashless euro payments in a fast, safe and efficient way in 32 European countries. The SEPA video introduces the project, its main components and milestones. It is available in 23 different languages (some in subtitled versions only). More information on www.sepa.eu
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