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Thursday, October 02, 2014

European Central Bank makes no changes to rates

European Central Bank makes no changes to rates - MarketWatch

 The European Central Bank on Thursday made no changes to interest rates, as expected, at its monthly policy meeting. The bank's main lending rate stands at 0.05%, while the interest rate paid on deposits parked overnight at the ECB was held at -0.2%. The interest rate on the ECB's marginal lending facility remains at 0.3%. Investors will focus on ECB President Mario Draghi's monthly news conference in Naples, Italy, scheduled to begin at 2:30 p.m. local time, or 8:30 a.m. Eastern.

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