European Central Bank meeting —

At its 7 March 2019 meeting, the European Central Bank held its policy rate at -0.40%.

Decision

hold — -0.40% to -0.40%

Key passages

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.

Confirms no change in key rates, in line with expectations.

The Governing Council now expects the key ECB interest rates to remain at their present levels at least through the end of 2019, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2% over the medium term.

Extends rate guidance beyond first half 2019; conditional on inflation convergence.

Meeting documents

Background reading

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