ECB's Draghi: Rates to Stay Low Beyond QE Horizon

The ECB has decided to keep key interest rates unchanged, expecting them to remain at current or lower levels for an extended period. Asset purchases of €80 billion per month will continue until at least March 2017, or longer if needed, to ensure inflation aligns with targets. Following the UK referendum, euro area financial markets showed resilience despite increased uncertainty. Supportive financing conditions are aiding economic recovery and inflation growth. The ECB will closely monitor economic developments and is prepared to use all available tools to achieve its objectives.

What decision did the ECB make regarding interest rates?

• To keep them unchanged

• To decrease them

• To eliminate them

• To increase them

Until when are the ECB's monthly asset purchases of €80 billion intended to run?

• End of March 2017

• End of September 2017

• End of December 2016

• End of June 2017

How did the euro area financial markets react to the UK referendum on EU membership?

• They showed resilience

• They remained unchanged

• They improved significantly

• They collapsed

What has helped to keep market stress contained in the euro area?

• ECB's accommodative monetary policy

• Increased taxes

• Higher interest rates

• Reduction in government spending

What will the ECB do if necessary to achieve its objectives?

• Stop asset purchases

• Increase taxes

• Use all available instruments

• Reduce interest rates to zero