European Central Bank officials reiterated their pledge to keep interest rates at record lows, giving themselves time to assess prospects for the euro area’s weakened economy as it confronts new risks.
Five weeks after presenting a new long-term lending program, the ECB held off announcing more details in its policy statement on Wednesday. Uncertainties from global trade continue to cloud the region’s outlook, and the Governing Council may wait until June before deciding on how much stimulus will be needed.
ECB interest rates current levels
Deposit rate minus 0.4%
Main refinancing rate zero
Marginal lending rate 0.25%
The so-called TLTRO-III plan is designed to maintain
Frontpage October 14, 2019