European Central Bank holds key rates steady

The European Central Bank (ECB) headquarters are pictured in Frankfurt, Germany.
The European Central Bank (ECB) headquarters are pictured in Frankfurt, Germany.PHOTO: REUTERS

VIENNA (AFP) - The European Central Bank held its key interest rates steady at its policy meeting on Thursday (June 2), as it continues to monitor the effects of a raft of new easing measures in March, but made no announcement about Greece.

The ECB's governing council voted, as expected, to keep the benchmark "refi" refinancing rate at its current all-time low of zero per cent, after cutting it to that level in March, an ECB spokesman said.

At the same time, the ECB also held the rate on its marginal lending facility unchanged at 0.25 per cent and the rate on the deposit facility steady at minus 0.40 per cent.