ECB September Meeting : Higher Bar for a Rate Cut Despite Remaining Uncertainties
                                    
                                        At today’s meeting, the ECB Governing Council decided to keep its three interest rates unchanged at 2.00%, 2.15% and 2.40% for the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility respectively. The decision – widely expected – was unanimous. In the monetary policy statement, the ECB Governing Council stressed that “ the economy has continued to grow despite the challenging global environment. The robust labour market, solid private sector balance sheets and our past interest rate cuts remain important sources of resilience. However, the ...