ECB Keeps Rate Unchanged At 1.25% As Expected

Tyler Durden's picture

In line with expectations. The conference following the announcement is where everyone will be, expecting to hear if the ECB will tighten imminently, or, far more likely, not.

5 May 2011 - Monetary policy decisions

At today’s meeting, which was held in Helsinki, 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%

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.

European Central Bank
Directorate Communications
Press and Information Division
Kaiserstrasse 29, D-60311 Frankfurt am Main
Tel.: +49 69 1344 7455, Fax: +49 69 1344 7404

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Cassandra Syndrome's picture

I am Jack's complete lack of surprise