ECB keeps Eurozone interest rate at zero

0 Comment(s)Print E-mail Xinhua, September 7, 2017
Adjust font size:

The European Central Bank (ECB) decided on Thursday that the Eurozone base interest rate will remain at 0.00 percent.

The marginal lending rate and deposit rate remain at 0.25 percent and minus 0.40 percent respectively, according to the bank.

Regarding asset purchase program, the ECB confirmed that the net asset purchases, at the current monthly pace of 60 billion euro, were intended to run until the end of December 2017, or beyond.

Besides, the ECB keeps the forward guidance regarding interest rates and asset purchase unchanged, saying that it expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases.

If the outlook becomes less favourable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation, the ECB stands ready to increase the asset purchase program in terms of size and/or duration, it said.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter