As was broadly expected, and contrary to November’s surprising announcement, the ECB kept its rates unchanged.
9 January 2014 – Monetary policy decisions
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.25%, 0.75% and 0.00% respectively.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today.
No response in the EURUSD. In 45 minutes Mario Draghi will explain just how he plans on reviving Europe’s moribund and record low loan creation.
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/1FlkKq9u4hc/story01.htm Tyler Durden