The key ECB interest rates have not been changed since May 2009. The Governing Council is of the opinion that the current ECB interest rates remain appropriate and it expects price stability to be maintained over the medium term.
In taking this action, EIOPA is also crucially maintaining momentum in the overall Solvency II implementation process and is helping “fill the gap” created by the hiatus in the political negotiation – an otherwise uncertain period where national authorities could have headed off in different directions.