European Central Bank meeting —
At its 12 September 2019 meeting, the European Central Bank lowered its policy rate from -0.40% to -0.50%.
Decision
cut — -0.40% to -0.50%
Key passages
The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%.
The Governing Council now expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics.
Meeting documents
Background reading
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