The interest rate holds steady once again this month at 0.05%, and the deposit facility rate, set at -0.3% in December, also remains unchanged for the moment.
The next set of changes, however, may come precisely in the deposit facility rate. Investors assume that Mario Draghi won’t announce any firm decision today, but they do expect he will discuss additional stimulus measures (like lowering the deposit facility rate to -0.4%) at the meeting in March.
The ECB has hinted it will announce new stimulus measures at the meeting in March 2016
The ECB’s new inflation and growth predictions will be announced at the March meeting. And unless there is a radical change in oil prices, everything points to a further decrease in the CPI numbers. So, analysts expect new monetary stimulus measures to be announced at the March meeting.
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