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ECB – Monetary policy summary June 2018

  • Main refinancing rate 0.00%
  • Marginal lending facility 0.25%
  • Deposit facility -0.40%
  • Monthly asset purchases €30 billion
  • QE to end by the end of December
  • Asset purchases expected to be tapered to €15 billion from Oct to Dec
  • Decision on asset purchases still depends on incoming data
  • ECB to keep rates unchanged at least until summer of 2019
  • Rate outlook is tied to sustainable inflation path
  • ECB undertook a careful review of progress towards sustained adjustment in the path of inflation
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