The European Central Bank (ECB) announced today that it has decided to keep interest rates unchanged for the Eurozone. The main refinancing rate will remain at 0%, the deposit rate at -0.50%, and the marginal lending rate at 0.25%. The ECB also confirmed that it will continue its bond-buying program at a monthly pace of €20 billion to stimulate the economy and support growth. This decision comes as the Eurozone continues to face economic challenges and uncertainty due to the ongoing COVID-19 pandemic.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
