Current: ECB interest rate decision published

The ECB interest rate decision has just been announced.

The bank deposit rate drops from -0.40% to -0.50%.

The ECB key rate (refinancing rate) remains unchanged at 0.00%. The marginal lending facility also remains unchanged at 0.25%.

The bond purchase program is re-launched with 20 billion Euros per month! Start is November. And important: It will run for an indefinite period.

Important statement: Interest rates should first remain at this level or fall slightly. Expiring bonds will continue to be reinvested.

At 2:30 pm Mario Draghi’s extremely important PC follows. We will then report on all current statements immediately.

ECB interest rate decision today in Frankfurt. ECB Tower Photo: Simsalabimbam CC BY-SA 4.0

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