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ECB Leaves Interest Rates Unchanged
The European Central Bank opted today to leave its primary interest rate and overnight bank deposit rate unchanged at 0.05% and -0.2%, respectively.
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The European Central Bank opted today to leave its primary interest rate and overnight bank deposit rate unchanged at 0.05% and -0.2%, respectively. The ECB also froze its emergency overnight borrowing rate for banks at 0.3%.
Analysts say the ECB's reluctance to raise rates reflects worries about the impact of China's slowing economic growth.
ECB President Mario Draghi says the central bank expects a slower increase in inflation and a "continued though somewhat weaker economic recovery" for Europe.
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