ECB holds rates steady

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ECB holds rates steady

STORY: ECB holds rates steady SHOOTING TIME: Dec. 14, 2023 DATELINE: Dec. 15, 2023 LENGTH: 00:01:00 LOCATION: FRANKFURT, Germany CATEGORY: ECONOMY SHOTLIST: 1. various of the European Central Bank 2. various of shopping malls in Frankfurt STORYLINE: The European Central Bank (ECB) on Thursday decided to leave its key interest rates unchanged. The interest rates on the main refinancing operations, the marginal lending facility and the deposit facility will all remain unchanged at 4.5 percent, 4.75 percent and 4 percent, respectively. "The Governing Council is determined to ensure that inflation returns to its 2 percent medium-term target in a timely manner," the bank said in a statement. "Based on its current assessment, the Governing Council considers that the key ECB interest rates are at levels that, maintained for a sufficiently long duration, will make a substantial contribution to this goal." Compared with their projections made in September, the ECB staff now revised their inflation expectations f

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