Press conference by Mario Draghi, President of the ECB, following the ECB Governing Council meeting
On 6 September 2012, Mario Draghi, President of the European Central Bank (ECB), gave a press conference following the Governing Council of the ECB, in Brussels.
As expected by financial analysts, the Governing Council of the ECB 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 0.75%, 1.50% and 0.00% respectively. The bank also agreed on a new bond-buying plan aimed at easing the debt crisis in the euro area.
The ECB wants help cut the borrowing costs of debt-burdened euro area members by buying their bonds. LINK