ECB KEEPS KEY INTEREST RATES UNCHANGED

CNC
Added On December 14, 2019

The European Central Bank (ECB) on Thursday decided that the key interest 
 
rates for the euro area will remain unchanged.
 
The eurozone base interest rate will remain at 0.00 percent, with the 
 
marginal lending rate and deposit rate remaining at 0.25 percent and 
 
minus 0.50 percent, respectively.
 
At the press conference, ECB president Christine Lagarde announced the 
 
latest ECB staff macroeconomic projections for the euro area. It foresees 
 
annual real GDP increasing by 1.2 percent in 2019, 1.1 percent in 2020 
 
and 1.4 percent in both 2021 and 2022.
 
It is the first 2022 growth forecast provided by the ECB and the outlook 
 
for real GDP growth for 2020 has been revised down slightly compared with 
 
the September projections.