ECB monetary policy decisions

ECB press release 24 October 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 -0.50% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics.
As decided at the last Governing Council meeting in September, net purchases will be restarted under the Governing Council’s asset purchase programme (APP) at a monthly pace of €20 billion as from 1 November. The Governing Council expects them to run for as long as necessary to reinforce the accommodative impact of its policy rates, and to end shortly before it starts raising the key ECB interest rates.
The Governing Council intends to continue reinvesting, in full, the principal payments from maturing securities purchased under the APP 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 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
Housing loan stock nearly EUR 100 bn2.12.2019 13:00:00 EET | Press release
In October 2019, the stock of housing loans granted by credit institutions increased to almost EUR 100 bn (EUR 99.95 bn). The growth rate of the housing loan stock has picked up since early 2019. In October it was 2.4%, and a higher growth rate has last been recorded in September 2016. Growth in the stock of housing loans in October was fuelled by new housing loans and the high volume of their drawdowns.
Asuntolainakanta jo lähes 100 mrd. euroa2.12.2019 13:00:00 EET | Tiedote
Luottolaitosten myöntämien asuntolainojen kanta kasvoi lähes 100 mrd. euroon (99,95 mrd. euroa) lokakuussa 2019. Asuntolainakannan kasvuvauhti on kiihtynyt vuoden 2019 alusta ja oli lokakuussa 2,4 %. Viimeksi kasvuvauhti oli nopeampaa syyskuussa 2016. Asuntolainakannan kasvua vauhdittivat uudet asuntolainat, joita nostettiin lokakuussa runsaasti.
Bostadslånen uppgick redan till närmare 100 miljarder euro2.12.2019 13:00:00 EET | Tiedote
Det utestående beloppet av bostadslån från kreditinstitut var nästan 100 miljarder euro (99,95 miljarder euro) i oktober 2019. Tillväxttakten för utestående bostadslån har ökat från början av 2019 och låg i oktober på 2,4 %. Senast var tillväxttakten snabbare i september 2016. Den livliga efterfrågan på nya bostadslån i oktober bidrog till att öka tillväxten.
Data Driven Financial Stability conference to discuss financial market impacts of artificial intelligence and big data29.11.2019 15:45:00 EET | Uutinen
The Bank of Finland is organising an international conference on the financial markets’ use of artificial intelligence and big data, to be held in the Finlandia Hall in Helsinki on 2–3 December.
Konferensen Data Driven Financial Stability diskuterar konsekvenserna av artificiell intelligens och stordata för finansmarknaden29.11.2019 15:45:00 EET | Uutinen
Finlands Bank arrangerar en internationell konferens om användningen av artificiell intelligens och stordata på finansmarknaden den 2–3 december 2019 i Finlandiahuset
Data Driven Financial Stability -konferenssissa asiaa tekoälyn ja massadatan vaikutuksista rahoitusmarkkinoihin29.11.2019 13:46:17 EET | Tiedote
Suomen Pankki järjestää kansainvälisen konferenssin tekoälyn ja massadatan käytöstä rahoitusmarkkinoilla Finlandia-talolla 2.-3. joulukuuta.
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