ECB Keeps Key Interest Rates on Hold as Policymakers Offer No Respite for Greece

The ECB said it would start buying corporate bonds as part of its quantitative easing programme from June 8

by Telegraph Reporters

The European Central Bank held its key interest rates steady after a policy meeting on Thursday, as it continues to monitor the effects of a raft of new easing measures in March, but made no announcement about Greece.

Its governing council voted to keep the benchmark refinancing rate at its current all-time low of zero, after cutting it to that level in March, according to a statement released by the central bank.

The ECB also held the rate on its marginal lending facility unchanged at 0.25pc and the rate on the deposit facility steady at -0.4pc.

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