ECB keeps interest rates unchanged
23:51
The European Central Bank (ECB) kept interest rates unchanged, the bank said.
The interest rate on the main refinancing operations and the rates on the marginal lending facility and the deposit facility remained unchanged at 0%, 0.25%, and -0.5%, respectively. The ECB also maintained that it would cease purchasing net assets under the PEPP at the end of March 2022. It was also announced that in Q2 2022 the monthly amount of net purchases under the asset purchase program (APP) will be €40 billion, and in Q3 – €30 billion.
The Governing Council in Q1 2022 conducts net asset purchases under the Pandemic Pandemic Purchasing Program (PEPP) at a slower pace than in the previous quarter.
