PRESS RELEASE

Supplementary six-month longer-term refinancing operations and continuation of the supplementary three-month longer-term refinancing operations

The Governing Council decided at its meeting on 27 March 2008 to conduct supplementary longer‑term refinancing operations (LTROs) with a maturity of six months. In addition, the Governing Council decided to conduct further supplementary LTROs with a three month maturity. The regular monthly LTROs remain unaffected.

These supplementary three-month and six-month LTROs are aimed at supporting the normalisation of the functioning of the euro money market.

The supplementary three-month and six-month operations will be carried out as follows: