ECB Keeps Bond-Buying, Rates Unchanged Amid Inflation Flare-Up
- QE to run until end of year, deposit rate stays at minus 0.4%
- President Mario Draghi will speak at 2:30 p.m. in Frankfurt
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The European Central Bank kept its quantitative-easing program unchanged as policy makers gauge whether a recent jump in inflation will endure.
The Governing Council reaffirmed its decision that monthly asset purchases will be reduced to 60 billion euros ($63 billion) from April, compared with 80 billion euros currently. Policy makers also left the main refinancing rate at zero and the deposit rate at minus 0.4 percent, as predicted by all economists in a Bloomberg survey.