- Analytics
- News and Tools
- Market News
- European Central Bank kept its interest rate unchanged at 0.15%
European Central Bank kept its interest rate unchanged at 0.15%
The European Central Bank (ECB) released its interest rate decision today. Interest rate remained unchanged at 0.15%. This decision was expected by market participants. The ECB President Mario Draghi said that the central bank "intensified" preparation for an Asset Backed Securities (ABS) program. This program should be launched if necessary.
Inflation increased 0.4% in July, missing expectations for a 0.5% rise.
Mario Draghi said inflation should remain low in the coming months, but it is expected to climb in 2015 and 2016. The ECB's inflation target is 2%.
The ECB President reiterated that interest rates will remain at low levels "for an extended period of time" and the ECB could launch unconventional measures to tackle low inflation.
Mr. Draghi warned that tensions between Russia and the EU over Ukraine may affect the economic recovery in the EU.
The French and Italian governments needed to implement economic reforms, so Draghi.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
