aA
During its meeting in Vilnius on Thursday, the European Central Bank's Governing Council did not change its monetary policy, the ECB said.
ECB keeps key interest rates unchanged during Vilnius meeting
© DELFI / Karolina Pansevič

According to the statement, 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 percent, 0.25 percent and -0.40 percent respectively.

The later rate means that banks will have to pay for their deposits at the euro zone central bank.

The Governing Council now expects the key ECB interest rates to remain at their present 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 levels that are below, but close to, 2 percent over the medium term, the statement reads.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Deficit on current account balance increased significantly in June

The Bank of Lithuania has published the balance of payments for June 2022, which shows that the...

Industrial production down by 1.8% in June

In June 2022, the seasonally adjusted industrial production rose by 0.7% in the euro area and by 0.6%...

Dr Agnė Paliokaitė is elected Chair of Board of Innovation Agency Lithuania

The first meeting of the Board of the Innovation Agency, during which the chair of the Board was...

Lithuanian and Taiwanese bus manufacturers to set up joint venture

UAB Vėjo projektai, a Lithuanian company manufacturing electric buses Dancer, earlier this week...

Annual HICP inflation stood at 20.9% in July

In July 2022, according to the harmonised index of consumer prices (HICP), which is methodologically...

Top news

Lithuanian radio station to inform Russian speakers about war in Ukraine

A radio station in Lithuania resumed its operation in early August and will use medium-range waves to...

Artwork by Soutino and Modigliani to go on display in Alytus

Artwork by world-renown artists Chaim Soutine and Amedeo Modiglianio will go on display at the...

Deficit on current account balance increased significantly in June

The Bank of Lithuania has published the balance of payments for June 2022, which shows that the...

Industrial production down by 1.8% in June

In June 2022, the seasonally adjusted industrial production rose by 0.7% in the euro area and by 0.6%...

Innovation developed by Lithuanian scientists will allow more efficient screening of voice pathologies

In cases of advanced laryngeal cancer, a complex surgery called laryngectomy is performed, when the...