European Central Bank Leaves Rates Unchanged For Fourth Month

Posts : 8759 Join date : 2012-01-25

European Central Bank Leaves Rates Unchanged For Fourth Month

The European Central Bank left its key interest rate unchanged for the fourth month in a row in April, as expected.
The Governing Council led by ECB President Mario Draghi decided on Wednesday to maintain the main refi rate at a record low 1 percent, following its meeting in Frankfurt.
The rate on the marginal lending facility was held at 1.75 percent, while the deposit facility rate was kept at 0.25 percent.
The central bank had reduced the rate in November and December, reversing the two hikes undertaken earlier last year.
Draghi is set to hold the regular post-decision press conference at 8.30 am ET.

More FOREX-news on pages InstaForex.Com

European Central Bank Leaves Rates Unchanged For Fourth Month Instaforex_mb_760x151_en

European Central Bank Leaves Rates Unchanged For Fourth Month Instaforex_mb_760x151_en

» Ez Bank to Bank Lending Rates Hit 23 Month Lows ahead of ECB Meeting
» European Central Bank Holds Fire Again
» Aussie Dollar Surges as Central Bank Holds Rates
» New Zealand Dollar Drops as Central Bank Holds Rates, Flags Moderate Gains
» The Brazilian real on Monday strengthened past the level of 2 per dollar for the first time in over one month on expectations of additional central bank intervention, while the Mexican peso fell after unexpectedly weak U.S. manufacturing data.