I will, of course, begin with some numbers. But I also want to discuss some of the technological  1  For a recent assessment of the new economy, see Martin Baily’s Distinguished Lecture on Economics in Government (Baily 2002). 2  Others will undoubtedly disagree with this taxonomy.
Following this decision, rates stand at 0.25% for the main refinancing rate, 0.00% for the rate on the deposit facility and 0.75% for the rate on the marginal lending facility. We also extended our pledge to guarantee full liquidity provision at a fixed rate to our counterparties against eligible collateral for as long as needed and at least until July 2015.