ECB leaves interest rates on hold

Mubasher: The European Central Bank kept the three interest rates unchanged at their previous levels.

The main refinancing rate (refi), deposit rate, and marginal lending rate steadied at zero, 0.4%, and 0.25%, respectively.

The ECB confirmed that the asset-purchased program would be maintained at EUR 80 billion until or beyond 2017.  

By 11:49am GMT, Euro rose 0.65% against the US dollar to stand at $1.1306 per Euro. 

Mubasher Contribution Time: 08-Sep-2016 12:16 (GMT)
Mubasher Last Update Time: 08-Sep-2016 12:16 (GMT)