ECB leaves rates on hold and confirms bond tapering plan
- 6 years ago
The European Central Bank left rates unchanged on Thursday and confirmed plans to gradually phase out its monthly bond-buying program by December.
With that,... the ECB's interest rate on its main refinancing operations,... its marginal lending facility and the deposit facility will stay unchanged at zero,... one-quarter of a percent and minus zero-point-four percent, respectively.
The ECB President Mario Draghi said the eurozone still needs "significant monetary policy stimulus" underscoring a growing policy divergence with the U.S. Federal Reserve.
He also added it is "too early" to assess the impact of the recent agreement made between the Presidents of the U.S. and European Commission over trade-- but he did say that in any case it's a "good sign."
With that,... the ECB's interest rate on its main refinancing operations,... its marginal lending facility and the deposit facility will stay unchanged at zero,... one-quarter of a percent and minus zero-point-four percent, respectively.
The ECB President Mario Draghi said the eurozone still needs "significant monetary policy stimulus" underscoring a growing policy divergence with the U.S. Federal Reserve.
He also added it is "too early" to assess the impact of the recent agreement made between the Presidents of the U.S. and European Commission over trade-- but he did say that in any case it's a "good sign."