The European Central Bank (ECB) decided to keep the main interest rates unchanged today. According to the Central Bank, the Governing Council 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 -0.50% respectively.
The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2%, the release stated.
And the ECB will also continue to keep its assets purchase programme (APP) at the same level, 20 billion euros per month.
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