The ECB meeting results

• Deposit interest rate (July), fact -0.40%, forecast -0.40%.
• The ECB margin lending rate , fact 0.25%, forecast 0.25%.
• Interest rate decision (July), fact 0.00%, forecast 0.00%

The European Central Bank (ECB) left key interest rates unchanged. Also remained unchanged inflation targets at 2%, which can be achieved in the medium term.

The negative note in the report was the data on a series of targeted long-term refinancing operations (TLTRO III), which were increased by 10%. This stimulus put pressure on the single currency, reinforcing market fears about stimulating the eurozone economy. The market also continues to expect comments from the ECB President Draghi, whose press conference will begin at 15:30.

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Hanzenko Anton

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