ECB Holds Rates Steady With No Hints of QE Changes

The European Central Bank (ECB) has decided to keep the main refinancing rate and the marginal lending facility unchanged. The ECB plans to continue its quantitative easing (QE) program until the end of December or beyond if necessary, aiming for a sustainable inflation path. The ECB also mentioned that QE could be increased in size and duration if the economic outlook worsens. The euro experienced a slight drop following these announcements. The ECB's deposit facility remains at negative 40 basis points, and the main refinancing rate is unchanged at 0%. The ECB emphasizes the need for sustainability in inflation before making any changes.

What decision did the ECB make regarding the main refinancing rate?

• Kept it unchanged

• Increased it by 25 basis points

• Decreased it by 25 basis points

• Abolished it

Until when does the ECB plan to run its QE program?

• Until the end of the fiscal year

• Until the end of September

• Until the end of December or beyond if needed

• Indefinitely

What can the ECB do if the economic outlook worsens?

• Decrease the size of QE

• Increase the size and duration of QE

• Stop QE immediately

• Raise interest rates

How did the euro react to the ECB's announcements?

• It rose significantly

• It dropped slightly

• It remained stable

• It plummeted

What is the current status of the ECB's deposit facility rate?

• Negative 40 basis points

• Positive 25 basis points

• Zero basis points

• Positive 40 basis points