Interest rates are unchanged
Today, a regular meeting of the Governing Council of the ECB took place, where they decided to leave interest rates unchanged. Thus, the interest rate on the main refinancing operations will be 0.25 %, margin rate equals to 0.75 % and the deposit rate will remain at zero.
The European Central Bank has not changed the values, but the president of the European regulator said he was ready to review the decision any time if necessary. Mario Draghi admits that instability of emerging markets could undermine the region's economy. The President said that the euro-zone economy still is threatened with deterioration. In addition, the region has long maintained the danger of deflation.
Next time the European Central Bank will discuss monetary policy in March 2014.
