No Rate Change From ECB Either

Tyler Durden's picture

First the BOE, now the ECB, just as expected.

8 November 2012 - 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 0.75%, 1.50% and 0.00% 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.

It seems the Weidmann "loss" was not really a "loss" after all, since for all its talk the ECB has done, well, nothing.