ECB keeps interest rates unchanged

Baku. 13 December. REPORT.AZ/ The European Central Bank (ECB) kept its monetary policy unchanged as expected on Thursday, maintaining the key deposit rate at -0.40%, Report informs referring to FXStreet.

The main refinancing rate, which determines the cost of credit in the economy, remained unchanged at 0.00% while the rate on the marginal lending facility (the emergency overnight borrowing rate for banks) was held steady at 0.25%.