ECB monetary policy decision

Market news

7 March 2019

ECB monetary policy decision

Key interest rates were left unchanged, as widely expected

Main refinancing rate 0.00%
Marginal lending facility 0.25%
Deposit facility -0.40%

Forward guidance on interest rate was changed

The key ECB interest rates are now expected to remain at their present levels at least through the end of 2019

The launch of new targeted longer-term refinancing operations (TLTRO-III) was announced

TLTRO-III will start in September 2019 and end in March 2021, each with a maturity of two years

Canada: Building Permits (MoM) , January -5.5% (forecast -4.8%)

U.S. job cut announcements surge 45% m-o-m in February

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