ECB Keeps Up Unprecedented Stimulus as Draghi Assesses Impact
- Central bank leaves rates, asset-purchase program unchanged
- Economists forecast no new measures at Frankfurt meeting
Draghi: Euro-Area Outlook Risks Tilted to Downside
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The European Central Bank left its interest rates at record lows and kept the size of its bond-buying program unchanged as President Mario Draghi waits to see how fresh stimulus measures announced last month affect the economy.
The 25-member Governing Council, which met in Frankfurt on Thursday, left the benchmark rate at zero, the deposit rate at minus 0.4 percent and asset purchases at 80 billion euros ($90 billion) a month. Economists in a Bloomberg survey had predicted no change in rates. Draghi will explain the decision in a press conference at 2:30 p.m. local time.