Extracts from the press conference by Mario Draghi, President of the ECB, following the ECB Governing Council
As foreseen by financial analysts, the Governing Council of the European Central Bank (ECB), meeting in Paris, 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 0.50%, 1.00% and 0.00% respectively.
At his monthly press conference, Mario Draghi, President of the ECB reiterated the bank's earlier commitment to keeping rates at present or lower levels for an extended period of time. Asked about the US Federal Reserve's move, he told journalists that the bank was attentive to exchange rate developments. SHOTLISTLINK