The ECB declared a deposit rate cut of 10 base points to -0.3% and kept all other rates unchanged. The Bank extended its asset purchase program for further 6 month and decided to reinvest the principal payments on the securities purchased under the program.
Analysts support the central bank's decision because weakening currency too much will have a negative impact on the economy.
"Today's deposit rate cut looks to have been the "final one" under the conventional policy pillar. We expect policy rates to remain at their current levels in the foreseeable future", says Rabobanks in a research note on Thursday.


Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C.
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Best Gold Stocks to Buy Now: AABB, GOLD, GDX




