The ECB left interest rates unchanged, but extended the asset purchase program in an abridged version



According to the results held on Thursday a meeting of the governing Council of the European Central Bank (ECB) left its key refinancing rate unchanged 0.0%.

Rate on deposits remained at the level of (-0.40%), the rate on loans to the ECB at 0.25 percent.

The volume of asset purchase program (QE) has been reduced to 30 billion euros from 60 billion euros per month starting from January 2018. The period of implementation of the asset-purchase program extended from December 2017 to September 2018.

Press conference of the ECB head Mario Draghi will start at 15:30 GMT.




The ECB left interest rates unchanged, but extended the asset purchase program in an abridged version 26.10.2017

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