{
  "url": "https://openlegislation.uk/eu-decision-2019-8/introduction",
  "json_url": "https://openlegislation.uk/eu-decision-2019-8/introduction.json",
  "legislation": "eudn/2019/8",
  "legislation_title": "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)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2019-8",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "Decision (EU) 2019/670 of the European Central Bank\nof 9 April 2019\namending Decision ECB/2014/8 on the prohibition of monetary financing and the remuneration of government deposits by national central banks (ECB/2019/8)\nTHE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,\nHaving regard to the Treaty on the Functioning of the European Union, and in particular the second indent of Article 132(1) thereof,\nHaving 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,\nWhereas:\n(1)\nTo 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 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.\n(2)\nTo preserve the integrity of the single monetary policy, the relevant market rates need to be further specified and updated.\n(3)\nTherefore, Decision ECB/2014/8 should be amended accordingly,\nHAS ADOPTED THIS DECISION:",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "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)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2019/8/introduction",
    "retrieved_at": "2026-11-01T15:12:52.873599+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}