Tuesday
September 2, 2014
Thursday, March 6, 2014

ECB holds rates, in face of deflation risk

The European Central Bank left its main interest rate unchanged at a record low of 0.25 percent today, holding course despite fears inflation could get stuck in a "danger zone" below 1 percent.

The ECB also left unchanged the deposit rate it pays on bank deposits at 0.0 percent, and held its marginal lending facility - or emergency borrowing rate - at 0.75 percent.

Markets now turn their attention to ECB President Mario Draghi's 1330 GMT news conference, at which he will for the first time present projections from the bank's staff stretching into 2016.

The projections could give the ECB grounds for policy action and investors will be listening for news of a potential move to release billions of euros into the financial system.

The move, on which an ECB source predicted there would be unanimous agreement, would see the bank end operations to drain funds from the financial system that it spent on a sovereign bond-buying plan at the height of the euro zone crisis.
  • CommentComment
  • Increase font size Decrease font sizeSize
  • Email article
    email
  • Print
    Print
  • Share
    1. Vote
    2. Not interesting Little interesting Interesting Very interesting Indispensable
Tags:  ECB  rates  interests  economy  Draghi  





  • Comment
  • Increase font size Decrease font size
  • mail
  • Print

COMMENTS >

Comment




Grupo ámbito ámbito financiero ambito.com Docsalud AlRugby.com Premium El Ciudadano El Tribuno Management

Director: Orlando Mario Vignatti - Edition No. 4239 - This publication is a property of NEFIR S.A. -RNPI Nº 5177376 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA