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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.

 

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Thu, 11/08/2012 - 08:51 | 2959885 GetZeeGold
GetZeeGold's picture

 

 

They decided today wasn't a good day to die.

Thu, 11/08/2012 - 08:53 | 2959895 Anglo Hondo
Anglo Hondo's picture

Tomorrow isn't looking too good for dying, either.

Thu, 11/08/2012 - 08:58 | 2959908 Doubleguns
Doubleguns's picture

Inevitability is still there...so why wait? Unless they want to go out in a blaze of Glory.

 

http://www.youtube.com/watch?v=AMVNxZ-70-g

Thu, 11/08/2012 - 08:57 | 2959900 Short Memories
Short Memories's picture

LOL

I couldn't help but think of this
http://www.youtube.com/watch?v=Q6yFXY9JqEo

just as sad!!! :-D

Thu, 11/08/2012 - 08:53 | 2959894 VonManstein
VonManstein's picture

The FED is the only one going all out and soon the USD will realise this

Thu, 11/08/2012 - 08:54 | 2959899 buzzsaw99
buzzsaw99's picture

it will all trickle down soon

Thu, 11/08/2012 - 08:55 | 2959901 PUD
PUD's picture

Silence heretic! High priest Dragi is speaking telling you what to believe!

Thu, 11/08/2012 - 08:56 | 2959903 LongSoupLine
LongSoupLine's picture

it's alllll up to you Ben, and with Oblamya's reelection in the bag we know it's coming.

Thu, 11/08/2012 - 09:18 | 2959963 GetZeeGold
GetZeeGold's picture

 

 

You want some more of this crap? Well.....alrighty then!

Thu, 11/08/2012 - 09:01 | 2959916 LawsofPhysics
LawsofPhysics's picture

Right, because there is no real cost for creating capital out of thin air. - FAIL.

Thu, 11/08/2012 - 11:12 | 2960396 covert
covert's picture

the ruling class loves fiat currency and interest rape manipulation that goes along with it.

http://covert.ias3.com/expose/

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