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Thread: ECB Statement

  1. #1
    Legendry Member milos's Avatar

    ECB Statement !!!

    Before today's meeting of the European Central Bank euro after reaching the highest level in eight months against the dollar entered the correction.

    The European Central Bank today left its benchmark rate unchanged - the level from 0.50%

  2. #2
    Legendry Member milos's Avatar
    The President of the European Central Bank, Mario Draghi, said there are still risks in the euro zone economy. He added that the bank rate will remain at current or lower level for a long time, due to the reduced prospects of inflation and low growth in the region.

    Draghi confirmed that the European Central bank remains ready to resume the third round of cheap loans to bank, to protect the recovery.

  3. #3
    Legendry Member milos's Avatar
    The European Central Bank in November lowered the benchmark interest rate at a record low of 0.25% in order to maintain the economic recovery in the region.

    Euro sharply dropped and landed in a half-hour 1:23% against the U.S. currency.Forex pair EURUSD trades recorded during the previous bottom at 1.32950 and subsequently consolidated at 1.33350.

  4. #4
    Legendry Member milos's Avatar
    The European Central Bank kept its key interest rate in December of the same record low of 0.25%, which was in line with the estimates of economists, having declined from 0.50% in November.

  5. #5
    Legendry Member milos's Avatar
    The President of the ECB Mario Draghi held a press conference. He said that there are two things that may lead the bank to change the policy.

    They are raising rates on the money market and the changes in the medium term outlook for inflation.

    Draghi believes that the current events in the market positive. He did not say anything that would express the growth of confidence in the economy.

    The euro has fallen sharply after the speech of the President of the European Central Bank.

  6. #6
    Master Member Bogdan G's Avatar
    Didnt he say the ECB plans to keep interest rates low?

  7. #7
    Legendry Member milos's Avatar
    Quote Originally Posted by Bogdan G View Post
    Didnt he say the ECB plans to keep interest rates low?
    He said that there are two things that may lead the bank to change the policy, raising rates on the money market and changes in the medium term outlook for inflation.Of course ECB plans to keep interest rate at record low level.

    He said that he thought about possibility could cause this two things in the future. Raising rate and changes in the medium term outlook inflation are just assumptions.

    Euro zone has been wanted weaker euro. You also know that ECB cut the rate and what has happened? Euro was become stronger against US dollar.

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