The European Central Financial institution has stored its fundamental rates of interest on maintain at zero for an additional month.
The central financial institution’s 25-member governing council left its benchmark borrowing price at zero.
The speed on deposits from business banks was additionally unchanged at minus zero.four%.
The ECB determined towards extending the period of its bond-shopping for stimulus scheme underneath which it has been making purchases of €80bn a month.
The central financial institution faces stubbornly low annual inflation of simply zero.2% regardless of pumping €1 trillion in newly printed cash into the banking system via bond purchases since March 2015.
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