At today’s meeting the Governing Council of the European Central Bank (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 ... (full story)

The European Central Bank (ECB) left benchmark interest rates unchanged on Thursday, with policymakers likely to argue the regional economy is robust enough to absorb spare capacity and generate inflation. With inflation rebounding and economic growth leveling-off at a relatively stable pace, the ECB has been gradually removing stimulus for months. The scaling back of its crisis-fighting measures come despite risks to Europe's economy, ranging from global protectionism to emerging market turmoil. Nonetheless, ECB President Mario Draghi is widely expected to announce the bank will stick to its current monetary policy, ... (full story)