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ECB Keeps Policy Unchanged as Investors Seek Economic Update

  • Mario Draghi holds media briefing at 2:30 p.m. in Frankfurt
  • Central bank to publish growth, inflation outlook through 2020
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ECB Holds Main Refinancing Rate Unchanged
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The European Central Bank maintained its pledge to move slowly in winding down euro-area stimulus, as investors wait to see if President Mario Draghi will unveil a more upbeat economic outlook.

Policy makers reiterated that they’ll halve asset purchases to 30 billion euros ($35 billion) a month, starting in January and continuing until at least the end of September. They left interest rates unchanged and repeated that they expect borrowing costs to stay at present levels until well past the end of net bond-buying.