The European Central Bank, the ECB, lowers the so-called deposit rate by 0.10 percentage points to a record low minus 0.50 percent. The so-called policy rate that has been zero since 2016 is left unchanged.
In addition, the ECB is launching a new so-called support purchase program where from 1 November the bank will buy assets for EUR 20 billion per month.
According to the ECB, support purchases will continue for as long as it is needed to have an impact on the monetary policy stimulus. At the same time, the ECB continues to repurchase bonds that have expired and which have been purchased under previous support purchase programs.
The message caused the Stockholm Stock Exchange to rise slightly. The OMXS index rose from 0.4 percent to 0.7 percent. The euro dropped some pennies against the krona and also fell marginally against the dollar.
The text is updated