The ECB does not change the benchmark interest rate – Financial News – Financenet

At the Governing Council of the ECB in Frankfurt, the main benchmark was set at 0%

The Council also decided to maintain the deposit facility at -0.4% and the lending rate marginal at 0.25%. After the previous meeting in mid-June, the Governing Council of the ECB announced that the key interest rates of the ECB would remain at their current level, at least until the autumn of 2019 and in any case as long as necessary;

After Thursday's meeting, a spokesperson for the ECP's press service said that no interest should change at least until the summer of 2019. [19659002] Thursday's meeting confirmed that it would remain in effect a decision made at a previous October meeting to reduce the amount of bonds purchased from 0 to 15 billion euros per month. and close the implementation of this program at the end of December

In March 2015, in order to help the recovery of the euro area economy, the ECB and the central banks of the euro area started to buy bonds. period of deflation and promote the economic growth of the euro area.