the European central bank (ECB) today left its main interest rate unchanged.
the ECB is also confirmed in September its decision and start the next month re-purchases of securities from the market. The buyer made on a monthly basis 20 billion euros.
today’s interest rate meeting was the last chaired the task soon leave to the executive director Mario Draghi . New executive director Christine Lagarde to start the task on Friday next week.
the ECB also kept the guidance unchanged, saying that interest rates will remain at current or lower level until the inflation target is sustainably achieved.
the ECB aims to keep inflation close to but below two percent. Recently, price increases have remained substantially below this objective.
see also:
Olli Rehn suspicion: Germany and Greece stacked to the first EU aid package point in time together – “If I was wrong, I apologize”
the Bank of Finland became dejected economy: a trade war rages on – growth will slow down significantly, and not like much show in the future either
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