ECB leaves interest rates unchanged
Release time：2024-04-30 09:47:35 Source：Worldly Watch news portal
-
FRANKFURT, April 11 (Xinhua) -- The European Central Bank (ECB) on Thursday decided to leave key interest rates unchanged after its regular rate-setting meeting. The three key interest rates are still hovering at historically high levels. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility remain unchanged at 4.5 percent, 4.75 percent and 4 percent respectively, the ECB announced in a statement. The governing council of the ECB considers that the key ECB interest rates are at levels that are making a substantial contribution to the ongoing disinflation process. "The Governing Council's future decisions will ensure that its policy rates will stay sufficiently restrictive for as long as necessary," said the statement. Inflation in the euro came down to 2.4 percent in March from 2.6 percent in February, according to the flash estimates from the statistical office of the European Union (EU). The inflation is edging closer towards the target of the ECB, which is mandated to keep inflation below but close to 2 percent in the medium term. All eyes are on the ECB as to when it will make its first rate cut in a bid to normalise its monetary policy after an aggressive rate-hiking cycle, during which key interest rates were lifted by a total of 450 basis points in just over a year.
（Editor:Wang Su）
- Previous：UN Chinese Language Day celebrated in Tunisia
- Next：Syrian, Russian forces destroy 'terrorist' strongholds in N. Syria
Related articles
- President Xi on global, regional security
- Xi Extends Congratulations on DPRK's 75th Founding Anniversary
- CFA boss bids to kick
- Xi Visits Flood
- A third of foreign students seeking to stay in the UK are at just SIX institutions, figures show
- Country presses the accelerator on rail development
- Chinese President Meets Red Cross President
- Mountain boy's uphill battle to gold
- Chinese business group 'shocked, dissatisfied' over EU raids on Chinese company
- Xi, Maduro Announce Elevation of China
- Entire mall in Georgia is closed after 'shots are fired inside
- Shanghai swoons over Federer again as legend holds court
- Regional govts use celebrities' power to boost cultural tourism
- Dickov confident the future's blue
- Who is Humza Yousaf's wife Nadia El
- Invincible Qin keeps the medals flowing
- Liu brothers quickly into high gear
- China holds majority of world's 'lighthouse factories'
- Stunning Michigan castle near Detroit hits market for $2.3M
- Xi Replies to Letter from Customs Workers
Random recommendation
Sheetz convenience store chain hit with discrimination lawsuitChina's top legislature kickTennessee State hires coach in big step to being the first HBCU to add ice hockeyBills' Josh Allen credits receiver Stefon Diggs for being the caliber of QB he is todayZara Tindall and her husband Mike share a lovedWoman dies after riding on car's hood and falling off, police sayAlex Jones shares health update after her son Kit, four, was hospitalised to undergo surgeryRams have a firstTibetan political leader ‘optimistic’ about passage of US bill on Tibet — Radio Free AsiaBuccaneers eager to use the NFL draft to narrow the gap between themselves and other top teams
- Copyright © 2024 Powered by ECB leaves interest rates unchanged ,Worldly Watch news portal sitemap