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ECB keeps rates unchanged as Draghi waves farewell to Frankfurt
Thursday, 24 October 2019 19:04 WIB | FISCAL & MONETARY |Fiskal & Moneter ECB

The European Central Bank (ECB) kept rates unchanged on Thursday “ in what marks Mario Draghi™s last monetary policy meeting at the bank.

The Frankfurt-based central bank had announced last month a massive stimulus package to boost the euro area. This included a 10 basis point cut to the deposit rate, new lending conditions to commercial banks as well as a second round of quantitative easing.

Draghi™s decision sparked some division within the central bank. Minutes from the meeting revealed that some of Draghi™s colleagues were not on board with the decision.

Mario Draghi will leave the European Central Bank (ECB) after eight years in charge of the institution that changed the way monetary policy is conducted in the euro zone.

Source: CNBC

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