ECB Leaves Interest Rates Unchanged, Will Start Corporate Bond Purchases On June 8
As expected, at least based on its less informative press release, the ECB remains in "wait and see" mode by keeping all three interest rates unchanged. The ECB also said that on 8 June the Eurosystem will start making purchases under its corporate sector purchase programme (CSPP). It adds that starting on 22 June, it will conduct the first operation in its new series of targeted longer-term refinancing operations, and will share more details in the press conference.
Full statement:
Monetary policy decisions
2 June 2016