ECB to keep interest rates at 0% until mid-2020

QE could be back soon

David Brenchley
clock • 2 min read

A return of quantitative easing (QE) in the eurozone remains a near-term probability, commentators have said, as the European Central Bank (ECB) pledged to keep interest rates at 0% for the next 12 months.

The ECB's governing council said on Thursday it expects interest rates to "remain at their present levels at least through the first half of 2020", and "for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to 2% over the medium term". St Louis Fed president: Rate cut may happen soon That means the interest rate on the main refinancing operations will stay at 0.00%, with the interest rates on the marginal lending facility and the deposit facility remaining at 0.25% and -0.40% respectively. The third incarnation of it...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

OBR chair warns half of Budget tax revenues 'are quite uncertain'

OBR chair warns half of Budget tax revenues 'are quite uncertain'

Deliverability 'poses challenges'

Linus Uhlig
clock 05 November 2024 • 3 min read
OBR warns Reeves' debt rule could cause 'worsening fiscal sustainability'

OBR warns Reeves' debt rule could cause 'worsening fiscal sustainability'

Public sector net financial liabilities

Linus Uhlig
clock 04 November 2024 • 2 min read
IFS concerned Budget is 'a repeat of the silly games played by the last government'

IFS concerned Budget is 'a repeat of the silly games played by the last government'

More tax rises likely

Linus Uhlig
clock 01 November 2024 • 2 min read
Trustpilot