Expected, the ECB did not change interest rates


Moscow. July 20. INTERFAX.RU – the European Central Bank (ECB) decided to keep key interest rates at the end of the July meeting, which coincided with the expectations of the majority of the experts.

The loan interest rate was left at zero, interest rate on deposits – at minus 0.4 percent, the rate on margin loans is 0.25%.

Also, the ECB has kept the volume of asset purchases under the quantitative easing program (QE) at 60 billion euros a month, said the Central Bank’s announcement.

In the markets there are growing expectations of the fateful decisions of the ECB at fall meetings: investors and analysts reckon that since September, the Central Bank of the Eurozone will begin to publish exit strategy for QE. Most economists believe that the ECB will reduce the purchase of assets from January 2018 and the entire process will take nine months.

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