European Central Bank Decided to maintain current monetary policy 0:12 on July 17
The European Central Bank, which is responsible for monetary policy of 19 countries in the euro area such as Germany and France, wants to maintain the current monetary policy in order to determine the effects such as the emergency measures of the new coronavirus, which has been significantly expanded last month. I decided.
The European Central Bank held a board of directors on the 16th to discuss monetary policy, and the interest rate when depositing funds from financial institutions remained at the current minus 0.5%. We maintained the scale of the quantitative easing measures to purchase a large amount of funds by purchasing government bonds.
At the meeting last month, the European Central Bank, as an urgent measure against the spread of the virus, apart from the conventional quantitative easing measures, drastically expanded the scale and extended the period for the purchase of assets introduced this March. And decided to maintain the current monetary policy in order to determine the effects of these measures.
Economic activity has resumed in earnest in the euro area, but it seems that recovery will take time and there are strong concerns about the spread of infection again.The European Central Bank will continue to support the economy at this meeting in the future. We reaffirm that we will take all policy measures according to the above.