BCE keeps interest rates to minimum

in News · 29-10-2020 17:15:00 · 1 Comments

The European Central Bank (BCE) has decided on 29 October to leave interest rates unchanged and keep the volume of its asset purchase programme aimed to mitigate the economic effects to the covid-19 pandemic.

After a monetary policy meeting on the same day, the BCE has indicated, however, that it is ready to strengthen its instruments to support the economy.

The main refinancing rate remains at 0 percent, a historical minimum, the marginal credit facility interest rate remains at 0.25 percent and the rate applied to deposits remains negative at -0.50 percent.


Comments:

Just keep kicking the can further down the road... awesome strategy. Can't wait for the big reset...

By Fred Doe from Algarve on 29-10-2020 09:48
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