ECB Monetary policy decisions
25.7.2019 15:58:06 EEST | Suomen Pankki | News
ECB press release 25 July 2019
At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower levels at least through the first half of 2020, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to its aim over the medium term.
The Governing Council intends to continue reinvesting, in full, the principal payments from maturing securities purchased under the asset purchase programme for an extended period of time past the date when it starts raising the key ECB interest rates, and in any case for as long as necessary to maintain favourable liquidity conditions and an ample degree of monetary accommodation.
The Governing Council also underlined the need for a highly accommodative stance of monetary policy for a prolonged period of time, as inflation rates, both realised and projected, have been persistently below levels that are in line with its aim. Accordingly, if the medium-term inflation outlook continues to fall short of its aim, the Governing Council is determined to act, in line with its commitment to symmetry in the inflation aim. It therefore stands ready to adjust all of its instruments, as appropriate, to ensure that inflation moves towards its aim in a sustained manner.
In this context, the Governing Council has tasked the relevant Eurosystem Committees with examining options, including ways to reinforce its forward guidance on policy rates, mitigating measures, such as the design of a tiered system for reserve remuneration, and options for the size and composition of potential new net asset purchases.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 14:30 CET today.
Keywords
Images
Links
About Suomen Pankki
The Bank of Finland is the national monetary authority and central bank of Finland. At the same time, it is also a part of the Eurosystem, which is responsible for monetary policy and other central bank tasks in the euro area and administers use of the world’s second largest currency – the euro.
Subscribe to releases from Suomen Pankki
Subscribe to all the latest releases from Suomen Pankki by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Suomen Pankki
Bedrägerisamtal har ringts i Finlands Banks namn10.11.2026 14:45:00 EET | Pressmeddelande
Finlands Bank är Finlands centralbank och erbjuder inte banktjänster till privatpersoner. Finlands Bank kontaktar aldrig någon per telefon för att be om nätbankskoder, lösenord eller andra personliga bankuppgifter och ber inte heller någon att göra betalningar eller penningöverföringar.
Suomen Pankin nimissä on soitettu huijauspuheluita10.11.2026 14:45:00 EET | Tiedote
Suomen Pankki on Suomen keskuspankki, emmekä tarjoa pankkipalveluja yksityishenkilöille. Suomen Pankki ei koskaan pyydä puhelimitse verkkopankkitunnuksia, salasanoja tai muita henkilökohtaisia pankkitietoja eikä pyydä tekemään maksuja tai rahansiirtoja.
Scam phone calls in the name of the Bank of Finland10.11.2026 14:45:00 EET | Press release
The Bank of Finland is the country’s central bank and we do not offer banking services to private individuals. The Bank of Finland never calls anyone to ask for their online banking codes, passwords or other personal bank details, and does not ask anyone to make payments or transfer money.
Muistutus: Kutsu medialle: Kansainvälinen valuuttarahasto (IMF) esittää arvionsa Suomen taloudesta10.11.2026 11:00:00 EET | Kutsu
Kansainvälisen valuuttarahaston (IMF) Suomessa vierailevan valtuuskunnan johtaja Jochen Schmittmann esittelee IMF:n laatiman Suomen taloutta koskevan arvion lehdistötilaisuudessa perjantaina 13.11.2026 klo 14. Tilaisuus järjestetään Suomen Pankin auditoriossa osoitteessa Rauhankatu 19, Helsinki.
Reminder: Press Invitation: International Monetary Fund (IMF) to present its review of the Finnish economy10.11.2026 11:00:00 EET | Press invitation
The head of the International Monetary Fund’s (IMF) mission to Finland, Jochen Schmittmann, will present the IMF’s concluding statement on the Finnish economy at a press conference to be held on Friday 13 November 2026 at 14:00 in the Bank of Finland auditorium, Rauhankatu 19, Helsinki.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom