| Author (Corporate) | European Central Bank |
|---|---|
| Series Title | Press Release |
| Series Details | 08.12.16 |
| Publication Date | 08/12/2016 |
| Content Type | News |
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The Governing Council of the European Central Bank announced on 8 December 2016 it had decided to keep unchanged the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility. The Council continued to expect the key ECB interest rates to remain at present or lower levels for an extended period of time, and well past the horizon of the net asset purchases. Regarding non-standard monetary policy measures, the Governing Council decided to continue its purchases under the asset purchase programme (APP) at the monthly pace of €80 billion until the end of March 2017. From April 2017, the net asset purchases were intended to continue at a monthly pace of €60 billion until the end of December 2017, or beyond, if necessary, and in any case until the Council sees a sustained adjustment in the path of inflation consistent with its inflation aim. If, in the meantime, the outlook became less favourable or if financial conditions become inconsistent with further progress towards a sustained adjustment of the path of inflation, the Governing Council showed its intention to increase the programme in terms of size and/or duration. |
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| Source Link | Link to Main Source https://www.ecb.europa.eu/press/pr/date/2016/html/pr161208.en.html |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
