The European Central Bank on Thursday kept its main deposit rate at negative 0.5%, a move that was anticipated by analysts. The ECB also kept its asset purchase program at 20 billion euros per month. "The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics," the central bank said. Attention now moves to the press conference to be held by new ECB President Christine Lagarde, with traders looking for clues as to the direction of the strategy review she says the central bank will undergo.
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December 12, 2019 at 07:47PM
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European Central Bank keeps key deposit rate at -0.5% - MarketWatch
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