ECB: Governing Council leaves interest rates unchanged

Frankfurt (Germany), 5 February (LaPresse) – The Governing Council decided today to keep the three key ECB interest rates unchanged. Its updated assessment confirms once again that inflation is expected to stabilise at the 2% target in the medium term. The interest rates on deposits with the central bank, on main refinancing operations and on marginal lending facilities will remain unchanged at 2.00%, 2.15% and 2.40% respectively. ‘The economy continues to show resilience in a challenging global environment,’ the European Central Bank said, noting that “low unemployment, sound private sector balance sheets, the gradual implementation of public spending on defence and infrastructure, together with the favourable effects of past interest rate cuts, are supporting growth. At the same time, the outlook remains uncertain, mainly due to the uncertainty surrounding trade policies and ongoing geopolitical tensions worldwide.”