Current location:
ECB leaves interest rates unchanged
Time:2024-05-08 09:40:15 Source:sportViews(143)
FRANKFURT, April 11 (Xinhua) -- The European Central Bank (ECB) on Thursday decided to leave key interest rates unchanged after its regular rate-setting meeting. The three key interest rates are still hovering at historically high levels. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility remain unchanged at 4.5 percent, 4.75 percent and 4 percent respectively, the ECB announced in a statement. The governing council of the ECB considers that the key ECB interest rates are at levels that are making a substantial contribution to the ongoing disinflation process. "The Governing Council's future decisions will ensure that its policy rates will stay sufficiently restrictive for as long as necessary," said the statement. Inflation in the euro came down to 2.4 percent in March from 2.6 percent in February, according to the flash estimates from the statistical office of the European Union (EU). The inflation is edging closer towards the target of the ECB, which is mandated to keep inflation below but close to 2 percent in the medium term. All eyes are on the ECB as to when it will make its first rate cut in a bid to normalise its monetary policy after an aggressive rate-hiking cycle, during which key interest rates were lifted by a total of 450 basis points in just over a year.
(Editor:Wang Su)
share to:
Previous:Iran and the UN nuclear agency are still discussing how to implement a 2023 deal on inspections
Next:Apple's biggest announcements from its iPad event: new sizes, faster chips
Kind tips:The above content and pictures are compiled from the Internet and are for reference only. I hope they will be helpful to you! If there is any infringement, please contact us to delete it.!
You may also like
- University of Kentucky faculty issue no
- Skahan's second
- 'Hideous' newbuild house with a 'kitchen floor' outside is slammed for crucial design flaw
- Bryan Reynolds, Ke'Bryan Hayes hit back
- Delhi notches crucial 20
- So who is that star of the Fallout Amazon drama braving a post
- Taxpayers could be on the hook for a multi
- Baird scores a goal, assists on another by Acosta to help Cincinnati beat Rapids 2
- Anguish as Kenya's government demolishes houses in flood