15 Apr 2015
ECB keeps rates on hold
FXStreet (Mumbai) - The governing council of the European Central Bank (ECB) on Wednesday kept the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.05%, 0.30% and -0.20% respectively.
The decision to keep rates unchanged is largely in line with the market expectations. Investors are more interested in hearing Draghi’s comments on the effectiveness of the ongoing QE program and the economic recovery in the Eurozone.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 12:30 GMT today.
The decision to keep rates unchanged is largely in line with the market expectations. Investors are more interested in hearing Draghi’s comments on the effectiveness of the ongoing QE program and the economic recovery in the Eurozone.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 12:30 GMT today.