The European Central Bank is likely to keep rates unchanged in its key monetary policy meeting on March 12.

In spite of the rate cuts already implemented by the Federal Reserve, the Bank of Canada, the Reserve Bank of Australia, and today (March 11) the Bank of England in response to the Covid-19 crisis, the ECB is widely expected to maintain the deposit rate at -0.5%. Instead, the governing council is likely to unveil a package of measures to support banks and small and mid-sized enterprises