Business Irish

Wednesday 26 April 2017

European Central Bank leaves interest rates unchanged

The European Central Bank
The European Central Bank
Donal O'Donovan

Donal O'Donovan

The European Central Bank has again left interest rates unchanged – including keeping the main headline interest rate at zero.

Frankfurt has also left its quantitative easing programme to run unchanged, meaning it will continue to buy €80bn of bonds each month.

At a meeting the ECB governing council, the members voted to keep interest rates unchanged on the main refinancing operations and the interest rates charged when banks park money with the bank overnight.

“The Governing Council continues to expect the key ECB interest rates to remain at present or lower levels for an extended period of time, and well past the horizon of the net asset purchases,” the ECB said.

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