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
I juni 2026 lyftes mindre stuglån än året innan28.7.2026 10:00:00 EEST | Pressmeddelande
Under början av 2026 har volymen av lyfta fritidsbostadslån varit något lägre än under motsvarande period föregående år. Den genomsnittliga räntan på nya stuglån var i juni 2026 högre än för ett år sedan. En större andel av de nya stuglånen än tidigare var bundna till tre eller sex månaders Euribor.
Kesäkuussa 2026 mökkilainoja nostettiin vuodentakaista vähemmän28.7.2026 10:00:00 EEST | Tiedote
Alkuvuoden aikana vapaa-ajanasuntolainoja on nostettu hieman vähemmän kuin viime vuonna vastaavana aikana. Uusien mökkilainojen keskikorko oli kesäkuussa korkeampi kuin vuosi sitten. Aiempaa suurempi osa uusista mökkilainoista sidottiin 3 tai 6 kuukauden euriborkorkoon.
Drawdowns of holiday cottage loans declined in June 2026 from last year28.7.2026 10:00:00 EEST | Press release
The volume of loans for holiday homes drawn down in the first half of the year was slightly lower than in the corresponding period last year. The average interest rate on new holiday cottage loans was higher in June than a year earlier. A larger share of new holiday cottage loans than previously was linked to the 3- or 6-month Euribor.
Better now to keep interest rates unchanged24.7.2026 13:10:00 EEST | Blog
You don’t have to be much of a fortune-teller to note that there is continuing uncertainty both in the Finnish summer and in the global economy. On a chilly summer’s day like the one we’ve experienced this week, a Finn can simply stoke a fire in the sauna stove – problem solved. Unfortunately, there is no silver bullet to economic uncertainty. Rather than fanning the flames, we need to keep a cool head.
Utkasten till framtida eurosedlar har offentliggjorts – Ville Tietäväinens förslag har gått vidare23.7.2026 17:56:14 EEST | Nyheter
Ett förslag från Finland har gått vidare i formgivningstävlingen för de framtida eurosedlarna. Ville Tietäväinens sedelserie baserar sig på temat ”Floder och fåglar”. De förslag som gick vidare valdes ut genom en formgivningstävling i hela Europeiska unionen.
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