12/13/2018, 1:46 PM (Source: TeleTrader)
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ECB keeps rates unchanged, announces end of QE

The European Central Bank kept its interest rates unchanged on Thursday. Policy makers said they expect interest rates to remain at present levels "at least through the summer of 2019." The EU central bankers decided that the interest rates will remain unchanged at 0.00%, 0.25% and -0.40%, respectively.

Also, the ECB announced it is ending its asset purchase program (APP) at the end of this month. The bond purchasing program was introduced in March 2015 in an effort to battle the bloc's economic crisis.

ECB President Mario Draghi will hold a press conference at 2:30 pm CET.

Breaking the News / GG