ecb holds key rates steady central refi rate at 0
Last Updated : GMT 09:45:28
Arab Today, arab today
Arab Today, arab today

ECB holds key rates steady, central refi rate at 0%

Arab Today, arab today

Arab Today, arab today ECB holds key rates steady, central refi rate at 0%

Frankfurt economy
Frankfurt - Arab Today

The European Central Bank held its key interest rates steady at its policy meeting on Thursday, as it monitors the effects of a raft of new easing measures six weeks ago. 

The ECB's governing council voted, as expected, to keep the benchmark "refi" refinancing rate at its current all-time low of zero percent, after cutting it to that level in March, an ECB spokesman said.

At the same time, the ECB also held the rate on its marginal lending facility unchanged at 0.25 percent and the rate on the deposit facility steady at minus 0.40 percent. 

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