The ECB leaves interest rates unchanged

ECB decided to to stay on hold with all key ineterest rates.

  • main refinance rate  0.0% as prev
  • marginal lending facility 0.25% as prev
  • deposit facility rate -0.4% as prev
  • QE asset purchase target EUR 80bln
  • asset purchases will be 60bln from Apr- Dec

ECB’s Draghi statement

QE will run until the ECB see a sustained pickup in inflation numbers. QE to be cut to €60bn in Apr and run until Dec, at least and it can be adjusted and expanded at any time. ECB wants to see sustained inflation pickup.

GDP projections >

  • 2017 GDP 1.8% from 1.7% prior
  • 2018 1.7% from 1.6% prior
  • 2019 1.6% from 1.6% prior

CPI projections >

  • 2017 CPI 1.7% from 1.3% prior
  • 2018 1.6% from 1.5% prior
  • 2019 1.7% unchanged

Watch ECB’s press Conference LIVE here

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