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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    Dean Popplewell

    Dean Popplewell

    Vice-President of Market Analysis at MarketPulse
    Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
    Dean Popplewell