ECB makes no change as Lagarde warns of uncertainty


The European Central Bank maintained its monetary stimulus unchanged today (April 22), as president Christine Lagarde stressed the eurozone’s economic outlook remained highly uncertain.

The ECB governing council kept its deposit rate at -0.5%, its main refinancing operations rate at 0% and its marginal lending facility rate at 0.25%. It also kept the ECB’s monthly asset purchases through the Asset Purchase Programme at €20 billion ($24 billion).

The governing council also reaffirmed the

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