At the end of the next meeting of the European Central Bank (ECB), the regulator kept the base rate for loans unchanged at a record low of 0.0%. The rate on deposits was left at minus 0.4% per annum, the rate on margin loans - 0.25%. The actions of the regulator fully coincided with the expectations of market participants. The regulator plans to adhere to the current monetary policy until the summer of 2019.
In addition, the ECB Board of Governors said that the regulator intends to complete the redemption of bonds under the quantitative easing program (QE) by the end of this year, noting that the collapse of the QE program will depend on inflation data. Until December, the ECB will redeem paper worth 15 billion euros a month.
The material has been provided by InstaForex Company - www.instaforex.com