Results of the ECB meeting
- Deposit facility rate, fact -0.40%, forecast -0.40%.
- ECB marginal lending facility, fact 0.25%, forecast 0.25%.
- Interest rate decision (December), fact 0.00%, forecast 0.00%.
The ECB left the euro zone’s monetary policy unchanged as expected, pointing to asset purchases at the end of 2018, which provided restrained support for the euro against most competitors. This did not cause a significant growth or a strong market reaction. Investors continue to hold a waiting position before the speech of the ECB President M. Draghi, which will be held today.
Expectations regarding the euro remain low-key and will depend largely on the ECB forecasts and Draghi’s comments. Look EUR/USD today.
Read also: “Cross Rate Trading. Features.”
Hanzenko Anton
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