Economics
ECB Leaves Rates On Hold as Investors Look to Draghi for QE Hint
- ECB to revise economic forecasts at press conference Thursday
- Draghi to address new risks, potential for more stimulus
ECB Leaves Interest Rates at Record Lows
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The European Central Bank left interest rates at record lows, shifting the focus to President Mario Draghi’s press conference for clues on whether he sees a need to step up stimulus.
The 25-member Governing Council kept the main refinancing rate at 0.05 percent at its meeting in Frankfurt on Thursday, as predicted by all 47 economists in a Bloomberg News survey. The deposit rate and the marginal lending rate stayed at minus 0.2 percent, and 0.3 percent, respectively.