FRANKFURT, March 6 (Xinhua) -- The European Central Bank announced on Thursday that it would slash key interest rates by 25 basis points in a bid to wind down the restrictive monetary policy.
Effective from March 12, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.50 percent, 2.65 percent, and 2.90 percent respectively, said the central bank in a statement.
