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- ECB maintains its main refinancing rate at 0.00%, as widely expected
ECB maintains its main refinancing rate at 0.00%, as widely expected
The European
Central Bank (ECB) left its main refinancing rate unchanged at 0.00 percent on Thursday,
as widely expected.
Its interest
rates on the marginal lending facility and the deposit facility were also kept unchanged at 0.25% and -0.40% respectively.
In its policy
statement, the ECB said that its key interest rates are expected to remain
at their present or lower levels at least through the first half of 2020. It
also added that its Governing Council stood ready to adjust all of its
instruments, as appropriate, to ensure that inflation moves towards its aim in
a sustained manner. In this context, the Governing Council also tasked the
relevant Eurosystem Committees with examining options, including ways to
reinforce its forward guidance on policy rates, mitigating measures, such as
the design of a tiered system for reserve remuneration, and options for the
size and composition of potential new net asset purchases, the statement said.
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