InterviewPraet calls for complete banking union
Completing the banking union in the near future is essential for a better functioning monetary union, Executive Board member Peter Praet tells Expansión. Some issues cannot be resolved overnight, but it also cannot take too many years, Mr Praet says.
InterviewDraghi says policy working and needs time
The ECB’s monetary policy is working, but we must be patient, President Mario Draghi tells Bild Zeitung. Interest rates will only rise once the economy is growing more strongly and inflation is closer to 2%. Low interest rates today will lead to higher rates tomorrow, Mr Draghi says.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.40 %|