The ECB declared a deposit rate cut of 10 base points to -0.3% and kept all other rates unchanged. The Bank extended its asset purchase program for further 6 month and decided to reinvest the principal payments on the securities purchased under the program.
Analysts support the central bank's decision because weakening currency too much will have a negative impact on the economy.
"Today's deposit rate cut looks to have been the "final one" under the conventional policy pillar. We expect policy rates to remain at their current levels in the foreseeable future", says Rabobanks in a research note on Thursday.


BOJ Expected to Hold Rates Steady While Signaling More Hikes Ahead
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist




