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ECB keeps rates unchanged

FXStreet (Córdoba) - The Governing Council of the European Central Bank decided that the interest rate on the main refinancing operations, the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.05%, 0.30% and -0.20% respectively.

Attention now turns to ECB President, Mario Draghi, who will comment on the considerations underlying these decisions at a press conference starting at 13:30 GMT.

The ECB cut all three rates by 10 bps in September and announced an asset buying program. It is likely the ECB will expand private sector asset purchase to corporate bonds.

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