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ECB interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged. Rates to be unchanged Through Summer 2019.

BankofECB

The European Central Bank announces its monetary policy decision for January 2019

The Governing Council of the European Central Bank decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases

  • Main refinancing rate 0.00%
  • Marginal lending facility 0.25%
  • Deposit facility -0.40%
  • To keep rates unchanged at least through the summer of 2019
  • Intends to reinvest, in full, for an extended period of time past the date when it starts raising key rates
  • Key interest rates to remain at present levels at least through the summer of 2019
  • And in any case for as long as necessary to ensure continued sustained convergence of inflation to central's banks's target of 2%  

 Full statement by the ECB:

Changes via RANsquawk @RANsquawk 

 

The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 14:30 CET today." 

The statement of President Draghi ahead

ECB President Mario Draghi and Vice-President Vítor Constâncio explain the Governing Council's monetary policy decisions and answer questions from journalists at today’s press conference.

Webcast – 14:30 CET

Alternate player (audio: en,fr,de) Watch on Twitter @ECB

Live. https://www.ecb.europa.eu/home/html/index.en.html

Source: Euopean Central Bank

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