9/1/2021, 6:23 PM (Source: TeleTrader)
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Fitch: ECB to hold interest rates until 2025

Fitch Ratings said in a report on Wednesday that the European Central Bank (ECB) is set to keep interest rates unchanged until 2025.

The ratings agency added that ECB will likely continue its bond-buying program at least until 2024.

At its most recent meeting, the central bank decided to hold the main refinancing operations rate at 0.00%, its deposit facility rate at -0.50% and its marginal lending facility rate at 0.25%. The ECB also said it will continue with its asset purchases at a monthly pace of €20 billion until shortly before it starts raising rates.

Baha Breaking News (BBN) / NP