At its monetary policy meeting in Frankfurt on Thursday 14 December, the Governing Council of the European Central Bank (ECB) decided, as expected, not to change its three key interest rates. The interest rate on the deposit facility therefore remains at the historic level of 4.00%, the rate on the main refinancing operations at 4.5% and the rate on the marginal lending facility at 4.75%.
Furthermore, with regard to the ECB’s balance sheet, and in line with the possibility raised by ECB...