PRESS RELEASE
Monetary policy decisions
8 September 2016
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council continues to expect the key ECB interest rates to remain at present or lower levels for an extended period of time, and well past the horizon of the net asset purchases.
Regarding non-standard monetary policy measures, the Governing Council confirms that the monthly asset purchases of €80 billion are intended to run until the end of March 2017, or beyond, if necessary, and in any case until it sees a sustained adjustment in the path of inflation consistent with its inflation aim.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 14:30 CET today.
CONTACT
European Central Bank
Directorate General Communications
Sonnemannstrasse 20
60314 Frankfurt am Main, Germany
+49 69 1344 7455
media@ecb.europa.eu
Reproduction is permitted provided that the source is acknowledged.
Media contacts
SEE ALSO
Find out more about related content
Calendars
Meetings of the Governing Council
Press conference
Press conferences
Introductory statement
Flickr albums