Mexican Media Brands
ECB Freezes European Lending Rate for 12 Months
The European Central Bank has decided to continue its current key lending rate for the eurozone without change at least through mid-2019.
#economics
Share
The European Central Bank has decided to continue its current key lending rate for the eurozone without change at least through mid-2019.
The decision leaves the bank’s base interest rate at zero and deposit rate at a minus 0.4%.
The ECB also affirmed that it will reduce its monthly net asset purchases from the current €30 billion to €15 billion ($17.5 billion) in October before phasing out the economic stimulus entirely at the end of 2018.
Separately, the central bank predicts inflation in the eurozone will remain at about its current 2% level through the remainder of this year.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.