This document is an excerpt from the EUR-Lex website
Document 32019D0008
Decision (EU) 2019/670 of the European Central Bank of 9 April 2019 amending Decision ECB/2014/8 on the prohibition of monetary financing and the remuneration of government deposits by national central banks (ECB/2019/8)
Decision (EU) 2019/670 of the European Central Bank of 9 April 2019 amending Decision ECB/2014/8 on the prohibition of monetary financing and the remuneration of government deposits by national central banks (ECB/2019/8)
Decision (EU) 2019/670 of the European Central Bank of 9 April 2019 amending Decision ECB/2014/8 on the prohibition of monetary financing and the remuneration of government deposits by national central banks (ECB/2019/8)
OJ L 113, 29.4.2019, p. 9–10
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
In force
29.4.2019 |
EN |
Official Journal of the European Union |
L 113/9 |
DECISION (EU) 2019/670 OF THE EUROPEAN CENTRAL BANK
of 9 April 2019
amending Decision ECB/2014/8 on the prohibition of monetary financing and the remuneration of government deposits by national central banks (ECB/2019/8)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Having regard to the Treaty on the Functioning of the European Union, and in particular the second indent of Article 132(1) thereof,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular the second indent of Article 34.1 thereof,
Whereas:
(1) |
To assist the Governing Council in monitoring compliance with the prohibition on monetary financing under Article 123 of the Treaty on the Functioning of the European Union, Decision ECB/2014/8 (1) sets out the market rates that operate as ceilings for the remuneration of deposits held by governments and public authorities with their respective national central bank. |
(2) |
To preserve the integrity of the single monetary policy, the relevant market rates need to be further specified and updated. |
(3) |
Therefore, Decision ECB/2014/8 should be amended accordingly, |
HAS ADOPTED THIS DECISION:
Article 1
Amendment
Decision ECB/2014/8 is amended as follows:
|
Article 1 is amended as follows:
|
Article 2
Entry into force
1. This Decision shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
2. It shall apply from 1 October 2019.
Done at Frankfurt am Main, 9 April 2019.
For the Governing Council of the ECB
The President of the ECB
Mario DRAGHI
(1) Decision ECB/2014/8 of 20 February 2014 on the prohibition of monetary financing and the remuneration of government deposits by national central banks (OJ L 159, 28.5.2014, p. 54).