Banks, Economics, EU – Baltic States, Financial Services

International Internet Magazine. Baltic States news & analytics Thursday, 04.06.2020, 17:00

ECB leaves key interest rate and bond-buying program unchanged

BC, Riga, 27.04.2017.Print version
European Central Bank governors on Thursday left key interest rates at historic lows and mass bond-buying unchanged, AFP quoted an ECB spokesman as saying, writes LETA/BNS.

The ECB left its main refinancing rate at 0.0%.

The rate on the marginal lending facility was left at 0.25%, and the deposit rate at -0.4% -- meaning banks have to pay to park money with the central bank.
The above rates remain unchanged since March 16, 2016.

The ECB also left untouched plans to buy EUR 60 bln of corporate and government bonds per month until December under its "quantitative easing" program.

Last December the program was reduced from EUR 80 bln
The bank's interventions are designed to encourage banks to lend to the real economy, powering growth and pushing inflation towards its target of just below 2.0%.

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