21 Apr 2016
ECB unchanged, as expected. Draghi is next on tap.
The European Central Bank has matched expectations at its meeting today.
In fact, the ECB left unchanged its interest rate on the main refinancing operations at 0.00%, the interest rate on the marginal lending facility at 0.25% and the interest rate on the deposit facility at -0.40%.
Market participants will now look to the always effervescent press conference by President Mario Draghi, where the current EUR-appreciation and the lack of reaction from inflation figures in the region will likely be in the centre of the debate.
EUR/USD has gathered some steam in the wake of the release, managing to clinch session highs in the 1.1340 area, while EUR/GBP trades with marginal losses around 0.7870.
In fact, the ECB left unchanged its interest rate on the main refinancing operations at 0.00%, the interest rate on the marginal lending facility at 0.25% and the interest rate on the deposit facility at -0.40%.
Market participants will now look to the always effervescent press conference by President Mario Draghi, where the current EUR-appreciation and the lack of reaction from inflation figures in the region will likely be in the centre of the debate.
EUR/USD has gathered some steam in the wake of the release, managing to clinch session highs in the 1.1340 area, while EUR/GBP trades with marginal losses around 0.7870.