European Central Bank Did not Change Interest Rates

European Central Bank Did not Change Interest Rates

In a statement made by the European Central Bank (ECB), interest rates will be kept constant. At the meeting of the European Central Bank Management Council held today, it was decided that interest rates will not be changed. Accordingly, the policy rate will be zero, the deposit rate minus 0.50 percent and the marginal funding rate will be kept constant at 0.25 percent. In the statement made by the European Central Bank, the size of the Pandemic Emergency Asset Purchase Program (PEPP) initiated with the coronavirus (Covid-19) epidemic with 750 billion euros in March and increased by 600 billion euros in June to a total of 1 trillion 350 billion euros. no changes were reported. In the announcement announced that PEPP will continue until the end of June 2021, it is emphasized that the principal payments of the assets received within the scope of the program will continue to be directed to investment until the end of 2022. The statement, which is said to be continuing the European Central Bank's (ECB) asset purchase programs at a level of 20 billion euros per month, announced that 120 billion euros of additional temporary assets will be purchased by the end of the year. In the markets, there was an expectation that the European Central Bank's (ECB) deposit interest rate would not be changed before the decision.