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April ECB meeting: Implementation of expanded APP to support recovery and bring inflation close to 2.0%

Global & Regional Focus Notes

15 Απριλίου 2015
At its regular monetary policy meeting on Wednesday 15 April, the ECB Governing Council decided to keep the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.05%, 0.30% and -0.20% respectively, as expected. At a press conference that followed the conclusion of the meeting, President Mario Draghi reiterated that the ECB intends to run its expanded APP until the end of September 2016, as scheduled, or until it witnesses “a sustained adjustment” in the path of inflation consistent with its aim of achieving inflation rates below, but close to, 2.0% over the medium term.
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