European Central Bank keeps interest rates unchanged

[roland.shwarx22]

European Central Bank left interest rates unchanged to remain at record lows, at a time when money is printed to boost the economy and increase inflation. It was expected to keep borrowing costs at record low levels, after the bank cut interest rates to their lowest levels over a year ago and said it amounted to "a minimum" her. It was re-install the main benefit of funding that determines the cost of credit in the economy at the 0.05% rate. ECB also kept the price of deposits for one night at 0.20%, which means that the banks would pay money in exchange for deposit money at the central bank. And it kept the marginal lending rate -oho rate for emergency lending to banks for one night -and 0.30%.