ECB leaves rates unchanged as Draghi bows out

QE to restart on 1 November

Mario Draghi departs the ECB after eight years
Mario Draghi departs the ECB after eight years
  • James Baxter-Derrington
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The European Central Bank (ECB) held interest rates unchanged as it prepares to reignite its quantitative easing (QE) programme at Mario Draghi's final policy meeting after eight years at the bank's helm.

Thursday's (24 October) meeting saw the governing council of the ECB opt to keep its key interest rate at a continental all-time low of -0.5%, while it announced QE will resume at a monthly rate of €20bn...

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