Sunday, December 3, 2017

The ECB kept rates unchanged, but did not mention a possible decrease

The ECB kept rates unchanged, but did not mention a possible decrease

Within the framework of the next meeting of the ECB decided to keep unchanged the basic parameters of monetary policy.

As a result, the base rate remains at zero, while the deposit rate is negative size -0.4%. It remained at the same level and the value of buying assets, as defined in 60 billion euros monthly.

It is planned that the current mitigation program will continue until the end of the year weaving. The last change in the rates in the more than a year ago, and a correction downwards was symbolic 0.05%.

Analysts, in turn, noted that at this time, for the first time in the final report there is no information on the possibility of a future decline, what is perceived by the professional community as a suitable period to the end of stimulating character.

The press release says the regulator wait a long period of stability of the existing rates, including after the completion of buying assets.

Currently, experts expect from the management information on the ECB's inflation forecasts and projections of growth of GDP in the European Union of the year. It is possible that the inflation forecast for the period until 2019, the year will be determined in 1.5% instead of the current 1.6-1.7%. Whether the forecast change in the 1.8% of GDP, is not known.


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