The results of the ECB meeting

As expected, interest rates remained unchanged at 0.00%. Also, the Central Bank of the euro area confirmed the intention to maintain interest rates for a long time. The quantitative easing program (QE) maintains a volume of 30 billion euro a month. It was noted that, if necessary, the incentive program could be expanded.

In fact, the ECB did not say anything new, repeating past statements that in fact did not affect the dynamics of the euro. Now the market is focused on the press conference of the ECB M. Draghi, which will be held at 15:30.

Hanzenko Anton