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ECB Press Conference with Mario Draghi as Bank Holds Rates Steady

Published 24/01/2019, 13:08
Updated 24/01/2019, 13:15
© Reuters.  European Central Bank

© Reuters. European Central Bank

Investing.com - The European Central Bank held interest rates steady on Thursday as widely expected.

Last month the ECB ended its four-year long €2.6 trillion ($2.96 trillion) bond purchase scheme and reiterated that interest rates are likely to remain on hold at least the end of summer.

The ECB held interest rates at 0.00%. The rate on the marginal lending facility stayed at 0.25% and the rate on deposits at -0.40%.

Investors will be watching the ECB press conference following the central bank’s first meeting of 2019, with close attention on comments from ECB President Mario Draghi and whether policymakers will address a slowdown in euro-zone growth.

Follow the press conference live in the video below:

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