ECB holds rates steady amid trade uncertainty - Breaking The News

ECB holds rates steady amid trade uncertainty

24 July

1 min read

EPA-EFE/RONALD WITTEK

The European Central Bank (ECB) announced on Thursday that it has decided to hold its rates on the deposit facility, the main refinancing operations, and the marginal lending facility unchanged at 2.00%, 2.15%, and 2.40%, respectively.

In its statement, the central bank noted that domestic price pressures continue to decline, with wages rising at a slower pace. Despite the economy continuing to demonstrate resilience in all "challenging global environments," the bank also emphasized that the situation "remains uncertain" amid global "trade disputes."

Finally, the ECB announced today that the Asset Purchase Programme (APP) and Pandemic Emergency Purchase Programme (PEPP) are gradually declining at a moderate and "predictable" pace, as the Eurosystem no longer relies on the primary payments from maturing securities.

interest rates ecb

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