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ECB: leaves main rate stationary at zero

2020-01-23T13:07:25.248Z


The European Central Bank leaves interest rates at a standstill: the main rate remains at zero, the rate on marginal loans at 0.25% and that on deposits at -0.50%. The same ECB communicates it. (HANDLE)


(ANSA) - ROME, JANUARY 23 - The European Central Bank is stopping interest rates: the main rate remains at zero, that on marginal loans at 0.25% and that on deposits at -0.50%. The same ECB communicates it. Furthermore, "The Governing Council of the ECB has decided to initiate a review of the monetary policy strategy," reads a note at the end of the meeting. The ECB also confirms that the purchases provided for by the 20 billion euro rhythm purchase program "will continue as long as it is necessary to strengthen the accommodative impact of its reference rates and which will end shortly before the ECB reference rates start to rise ".

Source: ansa

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