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European Central Bank Leaves All Three Rates Unchanged

  • Benchmark rate stays at zero, deposit rate at minus 0.4%
  • President Mario Draghi to speak at 2:30 p.m. in Frankfurt
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ECB Leaves Rates, Stimulus Program Unchanged

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The European Central Bank kept its stimulus program unchanged in a sign that policy makers don’t see an immediate danger to the euro-area recovery from risks including Britain’s decision to leave the European Union.

The Governing Council left the main refinancing rate at zero, the deposit rate at minus 0.4 percent and asset purchases at 80 billion euros ($90 billion) a month, as predicted in a Bloomberg survey. President Mario Draghi will present new economic forecasts when he addresses reporters at 2:30 p.m. in Frankfurt.