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ECB cuts deposit rates, launches new bond-buying program
2019-09-12 12:18:57 GMT
(Economies.com)
The European Central Bank released at 11:45 GMT, its monetary policy statement at the close of its meeting, which showed a 10bp cut in deposit rates to minus 0.5%, in line with forecasts.
The bank also announced a new bond-buying program of about 20 billion euros per month, whenever necessary for the European economy, while the bank's Chairman, Mario Draghi, will comment on the program in his speech later today.
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1.0813
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-0.0026
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0.2362%
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1.3017
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-0.0031
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0.2357%
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Tadawul
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7858.93
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-13.62
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0.17%
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18.049
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0.296
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1.667%
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51.409
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-0.792
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1.518%
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57.17
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-0.50
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0.87%
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1596.055
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11.355
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0.717%
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