Monetary policy decisions, November 2014 – ECB keeps interest rates unchanged

The Governing Council of the ECB decided on the 6 November 2014 that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility would remain unchanged at 0.05%, 0.30% and -0.20% respectively.

The United States insisted on 12 November 2014 that European policymakers should do more to avoid a "lost decade" of low growth, saying steps taken by the European Central Bank might not be sufficient on their own.

• Primary Source

ESO: Background information: Monetary policy decisions, October 2014 http://www.europeansources.info/record/monetary-policy-decisions-october-2014/

BBC News, 06.11.14: ECB keeps interest rates unchanged http://www.bbc.co.uk/news/business-29933943

The New York Times, 06.11.14: European Central Bank Leaves Interest Rate Unchanged http://www.nytimes.com/2014/11/07/business/international/ecb-interest-rate-announcement.html

The Guardian, 06.11.14: ECB could pump €1tn into eurozone in fresh round of quantitative easing http://www.theguardian.com/business/2014/nov/06/european-central-bank-1-trillion-euro-eurozone-quantitative-easing

Deutsche Welle, 06.11.14: ECB braces for further stimulus measures http://dw.de/p/1DiQJ

EurActiv, 13.11.14: Washington calls on EU to avoid ‘lost decade’ of low growth http://www.euractiv.com/sections/global-europe/usa-calls-eu-avoid-lost-decade-low-growth-309969

EUObserver, 12.11.14: ECB putting eurozone economy at risk, German expert group says http://euobserver.com/news/126491

---