Economic Buzz: ECB Holds Rates Steady At 0.5%

Economic Buzz: ECB Holds Rates Steady At 0.5%

Dec 12, 2019 12:12 IST capital market

The European Central Bank on Thursday kept its main deposit rate at negative 0.5%, a move that was anticipated by analysts. The ECB also kept its asset purchase program at 20 billion euros per month. 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% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics, the central bank noted.

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