European central bank unchanged interest rate Need to determine last month's rate cut effect October 24 21:31
The European Central Bank will hold a board meeting on the 24th, and it will be necessary to determine the effects of the first three-and-a-half rate cut last month in order to support the eurozone economy, which has been sluggish due to the effects of trade friction between the United States and China. I decided to leave the interest rate unchanged.
The European Central Bank will hold a board meeting to decide monetary policy for the single currency euro at its headquarters in Frankfurt, Germany on the 24th, ▽ major policy interest rate will be 0%, ▽ interest rate when depositing funds from financial institutions Decided to defer to 0.5% respectively.
The European Central Bank lowered its interest rate when depositing funds from financial institutions for the first time in three and a half years to support the euro zone economy, which was sluggish due to the effects of trade friction between the United States and China at the board meeting last month, We have decided to resume quantitative easing in November, at a scale of 20 billion euros per month, by buying various assets and supplying a large amount of money to the market. This time, we decided to maintain monetary policy in order to determine the effect of such a series of policies on the economy in the region.
However, there is also a possibility that the conflict over trade will intensify on the 18th of this month, such as the US government invoking measures to add up to 25% tariffs on imported goods from Europe.
The European Central Bank reaffirmed its policy that further rate cuts could occur in the future if the eurozone economy further declines.