The ECB fixes interest rates and pledges to continue supporting the economy


direct: The European Central Bank decided to stabilize interest rates and the bond-buying program unchanged, as countries fight against the growing number of Corona infections.

In its monetary policy statement issued on Thursday, the European Central Bank said it had fixed interest rates on refinancing, marginal lending and deposit facilities at 0, 0.025 and minus 0.50 percent, respectively, without change.

The central bank also kept the emergency purchase program for the Corona epidemic at the level of 1.85 trillion euros (2.24 trillion dollars), after an increase of 500 billion euros at the last meeting.

The European Central also stated that the emergency stimulus program will continue until March 2022.

“The Governing Council continues to prepare to adjust all its instruments, as needed, to ensure that inflation moves towards its target in a sustainable manner,” the European Central Bank said.

By 1:10 pm GMT, the euro was up against the US dollar by 0.4 percent, at $ 1.2160.


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