EMU: ECB keeps policy unchanged, rate at 0.75%

The ECB decided to keep its interest rate at 0.75%, disappointing some analysts that were expecting a rate cut. “At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.75%, 1.50% and 0.00% respectively”, said the statement.

ECB President Mario Draghi will be answering questions at 13:30 GMT.