the Aim of today is to keep the rate of inflation in the euro area close to but below 2 percent, though it has been considerably difficult for the ECB to meet.
the ECB’s executive board decides at the same time to leave its benchmark interest rate unchanged at zero and the interest rate on deposits at the ECB, which has been the ECB’s most important policy tool in recent years, remained unchanged at minus 0.50 per cent.
on the banks of the night, was also left unchanged at 0.25 per cent. And there were no adjustments to the ECB’s comprehensive stödköpsprogram, which was revised up to a 20-billion-euro-per-month, in november of last year.
the minimum bid rate was to be expected, and to be supplemented as in the past by the signals from the ECB that it will be able to be of more monetary stimulus, if required, in order to bring inflation up to target.
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