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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 | Link to Comment GetZeeGold
GetZeeGold's picture



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

Thu, 11/08/2012 - 08:53 | Link to Comment Anglo Hondo
Anglo Hondo's picture

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

Thu, 11/08/2012 - 08:58 | Link to Comment Doubleguns
Doubleguns's picture

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

Thu, 11/08/2012 - 08:57 | Link to Comment Short Memories
Short Memories's picture


I couldn't help but think of this

just as sad!!! :-D

Thu, 11/08/2012 - 08:53 | Link to Comment 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 | Link to Comment buzzsaw99
buzzsaw99's picture

it will all trickle down soon

Thu, 11/08/2012 - 08:55 | Link to Comment PUD
PUD's picture

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

Thu, 11/08/2012 - 08:56 | Link to Comment 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 | Link to Comment GetZeeGold
GetZeeGold's picture



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

Thu, 11/08/2012 - 09:01 | Link to Comment 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 | Link to Comment covert
covert's picture

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

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