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.
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