The ECB voted to keep the interest rate on its main refinancing operations at zero percent today, with the marginal lending facility at 0.25 percent and on the deposit facility at -0.5 percent. Inflation worries also forced the central bank to take action, as the following statement from the ECB detailed: “Based on a joint assessment of financing conditions and the inflation outlook, the Governing Council judges that favourable financing conditions can be maintained with a moderately lower pace of net asset purchases under the (PEPP) than in the previous two quarters.”



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