After a monetary policy meeting on the same day, the BCE has indicated, however, that it is ready to strengthen its instruments to support the economy.
The main refinancing rate remains at 0 percent, a historical minimum, the marginal credit facility interest rate remains at 0.25 percent and the rate applied to deposits remains negative at -0.50 percent.
Just keep kicking the can further down the road... awesome strategy. Can't wait for the big reset...
By Fred Doe from Algarve on 29 Oct 2020, 21:48