ECB holds rates, keeps March date for ending asset buys

September 8, 2016 12:07 PM

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FRANKFURT The European Central Bank kept its already loose policy stance unchanged as expected on Thursday, holding rates at record lows and promising to keep its 80 billion euro monthly asset buys going at least until next March.

Keeping rates deep in negative territory and printing money at a record pace, the ECB is hoping to revive inflation and growth in a region weighed down by nearly a decade of economic malaise and crises.

Also read: ECB’s Mario Draghi Hints at Extension of Bond Purchases

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