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ECB Monetary policy decisions
At today’s meeting the Governing Council of the ECB decided that 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 -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases. Regarding non-standard monetary policy measures, the Governing Council confirms that the net asset purchases, at the current monthly pace of €30 billion, are intended to run until ... (full story)
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European Central Bank holds rates steady
The European Central Bank (ECB) held interest rates steady on Thursday, as investors eagerly awaited any further guidance over the bank's monetary stimulus program. The ECB's interest rate on its main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at zero, 0.25 and -0.40 percent respectively. Attention from investors will turn to ECB President Mario Draghi to see what he makes of recent conflicting economic data and whether the central bank will extend its ultra-easy monetary stimulus efforts beyond September. Draghi is due to speak at a ... (full story)
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