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Extracts from the press conference by Mario Draghi, ECB President, following the ECB Governing Council meeting

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On Thursday, 13/09/2018, the Governing Council meeting of the ECB took place in Frankfurt. The Governing Council decided that 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. Regarding non-standard monetary policy measures, the Governing Council will continue to make net purchases under the asset purchase programme (APP) at the current monthly pace of €30 billion until the end of this month. The Governing Council intends to reinvest the principal payments from maturing securities purchased under the APP for an extended period of time after the end of the net asset purchases, and in any case for as long as necessary to maintain favourable liquidity conditions and an ample degree of monetary accommodation.
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Type: Press conference - summary   Reference: I-159948   Date: 13/09/2018
Personalities:   Draghi, Mario  

Languages: ORIGINAL
© European Union, 2018   /   Source: EC - Audiovisual Service
Director: Dimitrios Koskeridis
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