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Draghi's farewell gift: ECB leaves interest rates at zero percent

2019-10-24T11:55:46.468Z


In his last interest meeting Mario Draghi remains true to the policy of cheap money: the key interest rate in the euro area is stagnating at zero percent. But its departure should intensify the dispute in the Governing Council.



The European Central Bank keeps the key interest rate at zero percent. The key phrase to supply the commercial banks with money remains at 0.0 percent, said the monetary authorities. Since March 2016, the key interest rate has been at this record low.

The so-called deposit rate was left to the ECB at the previous level of minus 0.5 percent, where it has been since last month. As a result, banks must continue to pay fines if they park excess money with the ECB.

More in the near future at SPIEGEL ONLINE

Source: spiegel

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