Governing Council of the European Central Bank continues to believe that the regulator’s key interest rates will remain at current or lower levels for an extended period of time. To remind, the regulator has kept the rate on deposits at the level of - 0.4% per year and the rate on marginal lending - at the level of 0.25% per year. The ECB decisions were generally in line with analysts' expectations. The Governing Council of the ECB confirmed that monthly assets purchase of €80 billion will be valid until the end of March 2017, or longer, if necessary.

 

 

 

Photo: indianexpress.com

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