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) said Thursday it would formally bring an end to its multi-trillion bond-buying program at the end of the month, despite growing concerns about a possible economic slowdown and increasing economic risks. It marks a historic moment for the ECB, as President Mario Draghi dismantles one of his most contentious policies. The ECB left benchmark interest rates unchanged, with market participants likely to closely monitor Draghi's press conference at 1:45 p.m. London time (8:45 a.m. ET) for further guidance. The ECB's governing council confirmed what policymakers had been saying since the ... (full story)