At today’s meeting of the Governing Council of the ECB it was decided that the interest rate on the main refinancing operations will remain unchanged at 0.75%. It has been 0.75% since July.
Comments on Wednesday by President Mario Draghi on the weak economic outlook and gloomy European Commission forecasts increased speculation that a rate cut was on the way.
A Reuters poll this month – had given an 80 percent chance the ECB would hold its rate, but most of the 73 analysts polled expected it will be cut to a new record low of 0.5 % within the next few months.