The European Central Bank (ECB) will continue to buy bonds at least until March next year, an emergency measure intended to mitigate the effects of the corona crisis.

The central bank also announced on Thursday that key interest rates will remain at historically low levels.

It was expected that the interest rate would not be affected.

Even before the corona outbreak, the ECB set the refinancing rate at 0 percent, which means that banks can borrow money from the central bank for free.

The deposit rate has been at -0.5 percent for some time, causing banks to invest in savings that they store at the ECB in Frankfurt.

These rates will therefore remain the same for the time being.

Investors and economists were aware that the ECB would release something about phasing out its support programmes.

The ECB said the special emergency bond-buying program will run until the end of March next year and at least until the corona crisis is over.