ECB Keeps Rates on Hold as Draghi Tests Stimulus Limit
This article is for subscribers only.
The European Central Bank kept interest rates unchanged at record lows as investors wait for President Mario Draghi to signal how close officials are to adding more stimulus.
The 24-member Governing Council left the main refinancing rate at 0.05 percent at its meeting today in Frankfurt. The decision was predicted by all 54 economists in a Bloomberg News survey. The deposit rate remained at minus 0.2 percent and the marginal lending rate at 0.3 percent.