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ECB Steady Policy; Draghi Turns Hawkish Bank Of England Policy Steady.

ECB Steady Policy; Draghi Turns Hawkish Bank Of England Policy Steady.

4 Months ago | September 16, 2018 00:00:00

ECB Steady Policy; But Draghi Turns Hawkish Bank Of England Holds Policy Steady.

John M. Bland, MBA, co-founder, Global-View.com


ECB Keeps Policy On Hold, but Draghi Decidedly Less Dovish As expected Thursday, the ECB kept its seven day refinancing rate steady at 0.0% and its Marginal Lending Facility Rate unchanged at -0.40%. The bank reiterated that it expects key interest rates to remain at current levels until the summer of 2019, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2% over the medium term. De

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