| Author (Corporate) | European Central Bank |
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| Series Title | Press Release |
| Series Details | 21.07.16 |
| Publication Date | 21/07/2016 |
| Content Type | News |
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The Governing Council of the European Central Bank (ECB) decided on 21 July 2016 to keep unchanged the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility, at 0.00%, 0.25% and -0.40% respectively. The Governing 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 confirmed that the monthly asset purchases of €80 billion were intended to run until the end of March 2017, or beyond, if necessary, and in any case until it saw a sustained adjustment in the path of inflation consistent with its inflation aim. ECB president Mario Draghi also made some comments regarding the impact of the EU membership referendum in the United Kingdom on the Eurozone economy. |
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| Source Link | Link to Main Source https://www.ecb.europa.eu/press/pr/date/2016/html/pr160721.en.html |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
