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EMU: ECB keeps policy unchanged, rate at 0.75%

The ECB decided to keep its interest rate at 0.75%, disappointing some analysts that were expecting a rate cut. “At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.75%, 1.50% and 0.00% respectively”, said the statement.

ECB President Mario Draghi will be answering questions at 13:30 GMT.

Forex: EUR/USD muted on ECB inaction

The single currency remained indifferent after the ECB failed to deliver any surprises in today’s statement, leaving the lending benchmark intact at 0.75%, matching the broader consensus...
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