ECB Sees More Delay In First Post-crisis Rate Hike, Unveils New Longterm Loans

The European Central Bank signaled on Thursday that the euro area interest rates are set to remain unchanged for the rest of this year and beyond, until inflation converges with its target, and announced a new round of long-term loans for banks to boost lending in the slowing economy. The Governing Council, led by ECB President Mario Draghi, left the key interest rates unchanged.