The results of the ECB meeting
- The rate on deposit funds, fact -0.40%, forecast -0.40%.
- The rate of the ECB’s margin lending, fact 0.25%, forecast 0.25%.
- Decision on the interest rate (July), fact 0.00%, forecast 0.00%.
As expected, the ECB kept the basic rates unchanged, reiterating that the curtailment of the incentive program will begin in December, with interest rates remaining at the same level until the summer of 2019. As a result, the market saw nothing new and almost did not react to these news.
EUR / USD chart. The current price is 1.1710.
Also, the market is still waiting for the press conference of the head of the ECB M. Draghi, which will take place a little later. Therefore, it is worth considering the development of this report on the speech, which will set the mood for the euro by its tone .
Read also: “Volatility – the pulse of the market. Volatility indicators »
Hanzenko Anton
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