By CentralBankNews.info
The European Central Bank (ECB) maintained its benchmark refinancing rate at 0.15 percent, as widely expected, along with its other main rates, the deposit rate at minus 0.10 percent and the marginal lending facility rate at 0.40 percent.
Last month the ECB cut its refi rate and its deposit rate by 10 basis points, the first time a major central bank has pushed its deposit rate into negative territory. It was the ECB’s first rate cut in 2014, following a cut in November for a total cut of 50 basis points last year after a 25 point cut in 2012.
ECB President Mario Draghi will comment on the decision by the ECB’s Governing Council to maintain rates at a news conference later today.