according to bloomberg
European Central Bank Leaves All Three Rates Unchanged
European Central Bank Leaves All Three Rates Unchanged
The European Central Bank kept its stimulus program unchanged in a sign that policy makers don't see an immediate danger to the euro-area recovery from risks including Britain's decision to leave the European Union.The Governing Council left the main refinancing rate at zero, the deposit rate at minus 0.4 percent and asset purchases at 80 billion euros ($90 billion) a month, as predicted in a Bloomberg survey.President Mario Draghi will present new economic forecasts when he addresses reporters at 2:30 p.m. in Frankfurt.
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coupled with businessinsider
European Central Bank meeting preview September 2016
European Central Bank meeting preview September 2016
The European Central Bank is back from its summer holidays and will announce its first monetary policy decisions for the eurozone since mid-July on Thursday at 12:45 p.m. BST (7:45 a.m.The decision will then be followed 45 minutes later by a press conference, in which ECB president Mario Draghi will discuss the bank's monetary policy decisions, and discuss policy going forward.Draghi and the rest of the bank's governing council are widely expected to leave the bank's key interest rate unchanged at -0.4%, but many in the markets are expecting Draghi to signal an extension of its horizon for quantitative easing beyond the currently scheduled end in March 2017.
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