Photo taken on Sept. 7, 2017 shows the exterior view of the headquarters of the European Central Bank (ECB) in Frankfurt, Germany. The ECB decided on Thursday that the Eurozone base interest rate will remain at 0.00 percent. (Xinhua/Luo Huanhuan)
FRANKFURT, Sept. 7 (Xinhua) -- The European Central Bank (ECB) decided on Thursday that the Eurozone base interest rate will remain at 0.00 percent.
The marginal lending rate and deposit rate remain at 0.25 percent and minus 0.40 percent respectively, according to the bank.
Regarding asset purchase program, the ECB confirmed that the net asset purchases, at the current monthly pace of 60 billion euro, were intended to run until the end of December 2017, or beyond.
Besides, the ECB keeps the forward guidance regarding interest rates and asset purchase unchanged, saying that it expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases.
If the outlook becomes less favourable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation, the ECB stands ready to increase the asset purchase program in terms of size and/or duration, it said.
