Off the wire
• 1st LD-Writethru: Former senior provincial legislator expelled from Party, office  • Flood kills five people in S Germany  • Urgent: Blast kills 2 in Syria's Latakia city  • 1st LD-Writethru: Former senior official in central China province expelled from CPC  • Sportswear or examwear? Nike store targets exam takers in NE China  • DR Congo gov't takes over management of bank facing liquidity crisis  • Much less migrants enter Greece via Turkey  • Roundup: Russian experts, officials confident about China's economy, currency  • 1st LD-Writethru: Former senior provincial legislator expelled from CPC for extravagance  • S. African gov't vows to crack down on botched circumcisions  
You are here: 　 Home

2nd LD Writethru: ECB keeps three key interest rates unchanged

Xinhua, June 2, 2016 Adjust font size:

The European Central Bank (ECB) decided to leave the three key interest rates for the euro area unchanged after a meeting held here on Thursday, the ECB announced in a press release.

"At today's meeting, the Governing Council of the 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 percent and minus 0.40 percent respectively," read the press release.

The bank also noted Eurosystem will start making purchases under its corporate sector purchase program (CSPP).

"Moreover, starting on June 22 , it will conduct the first operation in its new series of targeted longer-term refinancing operations," ECB said in the statement.

ECB president Mario Draghi said in a press conference that growth of eurozone countries continues to be supported by domestic demand.

Inflation is expected to be very low in the next few months, corresponding with a modest increase in oil prices, he added.

Draghi also said Britain would benefit from staying in the European Union. Enditem