The European Central Bank (ECB) does not rule out the introduction of negative interest rates soon. About it today at press conference said the Chairman of the ECB, Mario Draghi.
“Looking ahead, given the current Outlook for price stability, the governing Council expects the key ECB interest rates will remain at current or lower levels for an extended period of time”, — said the head of the regulator, whose words privoditsya.
Earlier Thursday, the governing Council of the European Central Bank lowered its benchmark interest rate from 0.05% to zero. Deposit rate lowered to minus 0.4 percent from minus 0.3%, the margin rate to 0.25% from 0.3%. Analysts were expecting a marginal saving rates at 0.3% and lower the Deposit rates to minus 0.4 per cent.
In addition, the ECB decided to increase the monthly bond buying program of 60 billion euros to 80 billion euros.