European Central Bank (ECB) is set to keep interest rates unchanged until 2025.
The ratings agency added that ECB will likely continue its bond-buying program at least until 2024.
At its most recent meeting, the central bank decided to hold the main refinancing operations rate at 0.00%, its deposit facility rate at -0.50% and its marginal lending facility rate at 0.25%. The ECB also said it will continue with its asset purchases at a monthly pace of €20 billion until shortly before it starts raising rates.
European markets closed mixed on Wednesday as investors kept an eye on the OPEC+ meeting and digested an array of economic data.
PMI figures showed that Europe's manufacturing sector growth slowed in August,
while the unemployment rate in the euro area declined to 7.6%. Meanwhile,
OPEC+ reportedly decided to boost output by 400,000 barrels per day each month until the end of the year
The ratings agency added that ECB will likely continue its bond-buying program at least until 2024.
At its most recent meeting, the central bank decided to hold the main refinancing operations rate at 0.00%, its deposit facility rate at -0.50% and its marginal lending facility rate at 0.25%. The ECB also said it will continue with its asset purchases at a monthly pace of €20 billion until shortly before it starts raising rates.
European markets closed mixed on Wednesday as investors kept an eye on the OPEC+ meeting and digested an array of economic data.
PMI figures showed that Europe's manufacturing sector growth slowed in August,
while the unemployment rate in the euro area declined to 7.6%. Meanwhile,
OPEC+ reportedly decided to boost output by 400,000 barrels per day each month until the end of the year