ECB meeting results
- Deposit facility rate, fact -0.40%, forecast -0.40%.
- ECB’s marginal lending facility, fact 0.25%, forecast 0.25%.
- Interest rate decision (sept), fact 0.00%, forecast 0.00%.
As expected, the ECB will continue to adhere to an ultra soft monetary policy, keeping key interest rates unchanged, as well as expectations for continuing the reinvestment program. In fact, the ECB like the Bank of England left the monetary policy unchanged.
The euro reacted very restrainedly to the ECB’s report publication showing a restrained growth against its main competitors, which was caused by the continued optimism in the market.
EUR/USD chart. Current price – 1.1630
Now the market will wait for the ECB press conference, together with the publication of data on the CPI in the US. Its publications may increase volatility.
Read also: “New Zealand Dollar (NZD) – features of trade on cross-rates”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- The EU and the UK are making compromises on Brexit
- Singapore dollar. Features of trade.
- How long will last the US trade war against all?!
Current Investment ideas: