The European Central Bank (ECB) froze the type of policy on Monday (local time).
The European Central Bank (ECB) said at a press conference that it will keep the reference interest rate at 0 percent and will maintain the rate of deposits and the marginal lending rate at -0.40 percent and 0.25 percent, respectively .
The ECB held its position at the monetary policy meeting last month, hoping to maintain current interest rates at least until the end of the year.
Increase inflationary pressure in the euro area (19 countries that use the euro) and achieve the objective of medium-term inflation (2%).
The ECB also indicated that it would reinvest all of its funds reimbursed through its own purchase program. The ECB started its asset purchase program in March 2015 in response to the recession in the euro area and ended at the end of last year.
ECB president Mario Draghi will hold a press conference this afternoon and explain the context of the decision of the monetary policy meeting.
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