10/29/2020, 1:45 PM (Source: TeleTrader)
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ECB leaves key interest rates unchanged

The European Central Bank announced on Thursday its decision to keep key interest rates at present levels as well as to keep its asset purchase program unchanged.

The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility are to remain unchanged at 0.00%, 0.25% and -0.50% respectively.

Meanwhile, policymakers said they stand ready to "recalibrate instruments, as appropriate, to respond to the unfolding situation and to ensure that financing conditions remain favorable to support the economic recovery and counteract the negative impact of the pandemic on the projected inflation path" following their December forecast.

Breaking the News / JC