'The Governing Council now expects the key ECB interest rates to remain at their present levels at least through the end of 2019,' the ECB said.
The European Central Bank on Thursday said it will not raise interest rates in the eurozone before 2020, confirming what many in the markets had already expected.
The central bank also announced the creation of a fresh series of so-called targeted longer-term refinancing operations, better known as TLTROs. "The Governing Council now expects the key ECB interest rates to remain at their present levels at least through the end of 2019,"It left all of its base interest rates unchanged, meaning a base deposit rate of -0.4%, and a refinancing rate of 0%.
"These new operations will help to preserve favourable bank lending conditions and the smooth transmission of monetary policy," the ECB said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Online boom delivers big returns for central European warehousesOnline retailers racing to build warehouses in central Europe are propelling the...
Read more »
Investors don't understand just how important China is for European stocks, asset manager saysInvestors don't seem to understand the importance of China's economy for European stocks, particularly for Germany and Northern Europe, according to Philip Saunders, co-head of multi-asset at Investec Asset Management.
Read more »
Russia could deploy missiles capable of targeting 'whole territory of European countries,' ambassador warnsRussian Ambassador to Washington Anatoly Antonov warned that Russia would “be forced” to deploy missiles capable of targeting all of Europe if the U.S. were to place new missiles on the territory of its European allies.
Read more »
Australia central bank on hold as economy slows to a crawlAustralia's central bank stuck to its upbeat view of the economy after it h...
Read more »
Federal Reserve keeps hinting no more interest-rate hikes until summer 2019, if not longerBoston Fed President Eric Rosengren said it may be 'several meetings' before the Fed has a clear enough read on the economy to take any action on interest rates.
Read more »
Hayman Capital's Kyle Bass predicts US interest rates will head back to zero in 2020Interest rates will head back to zero in 2020 as the U.S. and the rest of the world enter into an economic recession, hedge fund manager Kyle Bass predicts to CNBC.
Read more »
You can expect more JC Penney store closures in 2020 and beyondJ.C. Penney says it will close just 18 department stores, in addition to nine home and furniture shops, in 2019. But there could be more on the horizon.
Read more »
In 2020 battleground state, looming Mueller report could hold dangers for DemocratsInside the Touchdown Tavern in the presidential battleground state of Wisconsin,...
Read more »
In 2020 battleground state, looming Mueller report could hold dangers for DemocratsNowicki is not concerned about potential harm to President Donald Trump if Mueller accuses the Republican's campaign of working with Russia to influence the 2016 election. Instead, the heating and air-conditioning business owner fears the report could prove a political landmine for overzealous Democrats
Read more »
Online boom delivers big returns for central European warehousesOnline retailers racing to build warehouses in central Europe are propelling the...
Read more »