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Monetary policy decisions
At today’s meeting, the Governing Council decided to reconfirm its very accommodative monetary policy stance: The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation ... (full story)
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European Central Bank holds fire ahead of crunch June meeting
The European Central Bank decided on Thursday to keep its policy unchanged while market players look for clues on when its massive monetary stimulus might start to be wound down. “The Governing Council decided to reconfirm its very accommodative monetary policy stance,” the ECB said in a statement on Thursday. European Central Bank President Christine Lagarde will be answering questions following the latest meeting at 2:30 p.m. local time. The central bank said last month it was going to increase government bond purchases — though still within the planned envelope of 1.85 trillion euros ($2.2 trillion) until ... (full story)
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