Interest rates to remain unchanged until Summer 2019 – ECB

The Governing Council of the European Central Bank says that interest rates will remain unchanged until summer 2019.

In their meeting, the ECB body stated that interest rates attached to the bank’s refinancing options, marginal lending and deposit facilities will continue to sit at 0.00%, 0.25% and -0.40%.

The Council also stated that in order to maintain liquidity in and monetary accommodation, the ECB is set to continue funding, ‘principal payments from maturing securities purchased under the asset purchase programme’.

This will be done for an extended period of time even when the ECB intends to increase interest rates.