5 Mar 2015
ECB keeps key policy rates unchanged
FXStreet (Mumbai) - The governing council of the European Central Bank (ECB) left the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.05%, 0.30% and -0.20% respectively.
The decision to keep key rates unchanged was in line with the market expectations. The investors now await the ECB's press conference where Draghi is expected to provide more details on the bond buying program that is expected to be launched as early as next week.
Markets would be interested to know when will the QE purchases would begin – early, middle or late March, and will the national central banks be allowed to buy other assets.
The decision to keep key rates unchanged was in line with the market expectations. The investors now await the ECB's press conference where Draghi is expected to provide more details on the bond buying program that is expected to be launched as early as next week.
Markets would be interested to know when will the QE purchases would begin – early, middle or late March, and will the national central banks be allowed to buy other assets.