ECB keeps eurozone interest rates unchanged at 0% amid pandemic-forced lockdowns

Arirang News 2020-10-30

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ECB, 금리 동결... 코로나19 대응채권 매입규모 유지

The European Central Bank has frozen eurozone interest rates at zero percent until a time when inflation reaches its target of 2 percent.
It added it would keep its existing asset purchase program at some one-point-six trillion U.S. dollars.
The ECB says the move is aimed at cushioning the impact of the second wave of COVID-19 that has forced lockdowns in Germany and France.
ECB President Christine Lagarde explained the momentum was deteriorating faster than expected and the central bank would not hesitate to act.

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