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- ECB leaves key rates unchanged at its June monetary policy meeting, as expected
ECB leaves key rates unchanged at its June monetary policy meeting, as expected
- Main refinancing rate left at 0.00%
- Marginal lending facility kept at -0.25%
- Deposit facility remained at -0.40%
- Expects the key ECB interest rates to remain at their present levels at least through the first half of 2020,
- To reinvest QE debt for an extended period of time after first rate hike
- Rates will remain likely where they are until inflation reaches its 2 percent target
- Prices that the interest rate in each TLTRO operation will be set at a level that is 10 basis points above the average rate applied in the Eurosystem’s main refinancing operations over
- Says that TLTRO rate can be as low as the average interest rate on the deposit facility plus 10 basis points
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