| Author (Corporate) | European Central Bank |
|---|---|
| Series Title | Press Release |
| Series Details | 19.01.17 |
| Publication Date | 19/01/2017 |
| Content Type | News |
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The Governing Council of the European Central Bank announced on 19 January 2017 its decision to keep the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.40% respectively. It expected the key ECB interest rates to remain at those or lower levels for an extended period of time, and well past the horizon of the net asset purchases. The Council also confirmed its intention to continue to make purchases under the asset purchase programme (APP) at the monthly pace of €80 billion until the end of March 2017 and that, 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 Governing Council saw a sustained adjustment in the path of inflation consistent with its inflation aim. |
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| Source Link | Link to Main Source https://www.ecb.europa.eu/press/pr/date/2017/html/pr170119.en.html |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
