European Central Bank Leaves Interest Rates Unchanged
July 21 2016 - 8:30AM
Dow Jones News
FRANKFURT—The European Central Bank kept all of its interest
rates unchanged on Thursday and said it expected key interest rates
to remain at present or lower levels for an extended period of
time.
It also underscored that the monthly bond purchase program of
€80 billion would go until March 2017 or beyond to achieve its
inflation goal.
The central bank kept its rate on regular loans at a record low
of 0% and the rate on overnight deposits at minus 0.4%, meaning
that banks continue to pay to leave funds with the central
bank.
Write to Todd Buell at todd.buell@wsj.com
(END) Dow Jones Newswires
July 21, 2016 08:15 ET (12:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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