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ECB Keeps Interest Rate Unchanged At 1.25%

Tyler Durden's picture




 

As expected the main financing rate is unchanged at 1.25% (and by implication the Marginal Lending Facility remains at 2.00% while the Deposit Facility remains at 0.50%). The EURUSD is drifting modestly higher but nothing remarkable. The key continues to be the upcoming conference.

From the press release:

9 June 2011 - Monetary policy decisions

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 1.25%, 2.00% and 0.50% respectively.

The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today.

 

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Thu, 06/09/2011 - 07:48 | 1353991 NoRestForTheWicked
NoRestForTheWicked's picture

I suppose if a currency is worth nothing, it should pay its holders nothing as well.

Thu, 06/09/2011 - 07:53 | 1353994 acrabbe
acrabbe's picture

Unless Trichet has a religious/Jim Cramer moment during the press conference, it will mean NOTHING! "THEY KNOW NOTHING!"

Thu, 06/09/2011 - 07:57 | 1353999 overmedicatedun...
overmedicatedundersexed's picture

Libya now our newest WAR..Yemen, that makes 4!! Wars and rumors of wars.

Thu, 06/09/2011 - 08:04 | 1354009 the not so migh...
the not so mighty maximiza's picture

They are bombs of peace for Yemens own good.   Yes we Can!!!!

Thu, 06/09/2011 - 08:28 | 1354035 Urban Redneck
Urban Redneck's picture

Yemen has been going on a while.  If your count is only at 4- then Yemen should be #3 and Libya #4.

Thu, 06/09/2011 - 07:58 | 1354001 schizo321437
schizo321437's picture

Johnny Token raise?

Thu, 06/09/2011 - 08:03 | 1354006 AUD
AUD's picture

Are they trying to outbluff the bluffers?

Thu, 06/09/2011 - 08:23 | 1354028 scratch_and_sniff
scratch_and_sniff's picture

Get ready for the mother of all hatchet jobs if he dosent come through.

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