MNI: ECB Leaves Key Rates Unch, TLTRO Terms To Come: Text

     LONDON (MNI) - Below is the text release by the European Central Bank's

Governing Council 

     April 10 2019

     Monetary policy decisions

     ================================================================

     At today's meeting the Governing Council of the European Central Bank (ECB)

decided that the interest rate on the main refinancing operations and the

interest rates on the marginal lending facility and the deposit facility will

remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council

expects the key ECB interest rates to remain at their present levels at least

through the end of 2019, and in any case for as long as necessary to ensure the

continued sustained convergence of inflation to levels that are below, but close

to, 2% over the medium term.

     The Governing Council intends to continue reinvesting, in full, the

principal payments from maturing securities purchased under the asset purchase

programme for an extended period of time past the date when it starts raising

the key ECB interest rates, and in any case for as long as necessary to maintain

favourable liquidity conditions and an ample degree of monetary accommodation.

     The President of the ECB will comment on the considerations underlying

these decisions at a press conference starting at 14:30 CET today.

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

[TOPICS: M$X$$$,MC$$$$,MT$$$$,M$$EC$]