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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 at least through the summer of 2019, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2% over the medium term. Regarding non-standard monetary policy measures, the Governing ... (full story)
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ECB keeps rates unchanged amid heightened uncertainties for the global economy
The European Central Bank (ECB) decided to keep its key interest rates unchanged Thursday, with policymakers showing little appetite for change after a flurry of activity at their last meeting. The ECB's interest rate on its main refinancing operations, its marginal lending facility and the deposit facility will remain unchanged at zero, 0.25 and -0.40 percent, respectively. In June, the central bank outlined plans to end its massive bond-buying program in December and hinted that interest rates are likely to remain at current ultra-low levels until, at least, the summer of 2019. European policymakers have repeated ... (full story)
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