ECB maintains its rates, stimulus programme

In its monetary policy meeting last Thursday, the European Central Bank left its key interest rates un­changed and maintained its quan­titative easing programme. The main refinancing rate remains at zero per cent, the de­posit rate at -0.40 per cent and the marginal lending facility rate at 0.25 per cent. Facing low inflation and weak growth, the central bank retained its quantitative easing programme of €80 billion a month till March and then at a decreased rate of €60bn a month till December 2017. The ECB said the asset purchase programme can be increased or extended be­yond December if... This article is part of our premium content. Full story is available on Times of Malta Premium.

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