2 Oct 2014
ECB keeps rates unchanged after August cut
FXStreet (Córdoba) - The Governing Council of the European Central Bank decided that the interest rate on the main refinancing operations and the rates on the marginal lending facility and the deposit facility will remain unchanged at 0.05%, 0.30% and -0.20% respectively.
The ECB cut all three rates by 10 bps last month and announced an asset buying program - which details will be unveiled next week - aimed to provide liquidity to the real economy to fight low inflation and support growth.
Attention now turns to ECB President, Mario Draghi, who will comment on the considerations underlying these decisions at a press conference starting at 12:30 GMT.
The ECB cut all three rates by 10 bps last month and announced an asset buying program - which details will be unveiled next week - aimed to provide liquidity to the real economy to fight low inflation and support growth.
Attention now turns to ECB President, Mario Draghi, who will comment on the considerations underlying these decisions at a press conference starting at 12:30 GMT.