The ECB decided at its meeting today to keep interest rates on main refinancing operations unchanged at 0.00%, interest rates on margin lending facilities at 0.25% and deposit interest rates at -0.40%. The bank also noted that interest rates may remain unchanged for a long period of time.
The Bank also confirmed that asset purchases will continue at a monthly rate of € 60 billion till the end of December 2017, or may be extended thereafter as needed, or sustain the path of inflation in line with the target.
Markets are waiting for the ECB's press conference to be held about half an hour to see what Draghi will offer about the future of monetary policy in the eurozone following expectations that the ECB will begin tapering its quantitative easing program and then tighten its monetary policy.
