The European Central Bank keeps the emergency monetary stimulus plan and interest rates at (zero)

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The European Central Bank maintained its emergency monetary stimulus plan on Thursday, despite rising inflation and indications of an economic recovery after the Corona pandemic.

The European Central Bank’s 25-member governing council said it kept the interest rate at a record low of zero, and kept its bond-buying program at 1.85 trillion euros ($2.2 trillion).

The Frankfurt-based bank said in a statement that the program will continue until next March, or “until the bank determines that the phase of the Corona virus crisis is over.”

The bank also kept the deposit rate unchanged at minus 0.5%, and the marginal lending rate at 0.25%.







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