European Central Bank meeting —
At its 12 March 2020 meeting, the European Central Bank held its policy rate at -0.50%.
Decision
hold — -0.50% to -0.50%
Key passages
Although the Governing Council does not see material signs of strains in money markets or liquidity shortages in the banking system, these operations will provide an effective backstop in case of need.
These operations will support bank lending to those affected most by the spread of the coronavirus, in particular small and medium-sized enterprises.
Meeting documents
Background reading
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