Locked content European Central Bank leaves interest rates unchanged

On Thursday European Central Bank (ECB) decided that the interest rate on the main refinancing operations will remain unchanged at 0.00 percent. Interest rates on the marginal lending facility and the deposit facility will also stay unchanged at 0.25 percent and -0.40 percent respectively. The Gover...

Locked content ECB notes economic uncertainties, waits for 2021 outlook

The European Central Bank (ECB) admitted the uncertainties in the economy, however, decided that they are insufficient to revise GDP growth risk assessment, according to the minutes of the ECB October meeting. “It needed to be emphasized that the incoming data, while somewhat weaker than expected, r...

Locked content ECB leaves interest rates without changes

The European Central Bank (ECB) decided to keep interest rates at its current levels, the bank said. ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00 percent, 0.25 perc...

Locked content FinMin: Banking tax not raising risk of decline in lending

Contrary to the opinion presented by the European Central Bank (ECB), the tax on banking assets is not raising the risk of a decrease in lending, Poland’s Ministry of Finance said in a statement. “We don’t see the risk of slower lending. It is close to nominal GDP growth and has be...

Locked content European Central Bank assesses banking tax

The European Central Bank (ECB) assessed on Tuesday Poland’s proposed tax on banks’ assets, saying the legislation may provide incentive to transfer assets abroad. The ECB also warned that the tax may prompt lenders to restructure their portfolios in favor of riskier products and use of ...