SpeechCœuré assesses functioning of bond markets
Executive Board member Benoît Cœuré takes a closer look at how the ECB’s policy measures, recent regulatory and industry initiatives are affecting the functioning of euro government bond markets. So far there are no major problems, he says in a speech at the Government Borrowers Forum.
SpeechAddressing the causes of low interest rates
The low interest rate environment is a symptom of challenges in the world economy, not its cause, says President Mario Draghi. If interest rates are to rise again to sustainably higher levels, it is those underlying causes that need to be addressed in the euro area and worldwide.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.40 %|