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The European Central Bank (ECB) has been the last of the greats to speak out before the expansion of the effects of the coronavirus on the economy of the region. At its meeting this Thursday in Frankfurt, the entity maintains interest rates unchanged but has approved the approval of a series of temporary liquidity auctions until June 2020 and an extraordinary purchase of assets worth 120,000 million until the end of the year.
In this way, the reference rates for its refinancing operations remain at 0%, while the deposit facility rate will continue at -0.50% and the loan facility rate at 0.25%.
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- Christine Lagarde
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- Covid 19
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