ECB Keeps Rates Unchanged

Tyler Durden's picture


No change from the ECB as expected, and despite a hint by Draghi last time that the governing council may cut rates, it did not. The boredom continues until 8:30 am Eastern when Draghi takes the podium and resumes his rendition of Greenspan.

From the ECB

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.

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Thu, 01/10/2013 - 08:51 | 3140167 GetZeeGold
GetZeeGold's picture



ECB decides not to commit suicide.


Thu, 01/10/2013 - 09:49 | 3140274 ball-and-chain
ball-and-chain's picture

When will we start seeing the new Hitler?

It won't be long.

Economic catastrophe always brings out the loons--especially in Europe.

Another big war is forthcoming.

What a drag.

Thu, 01/10/2013 - 08:52 | 3140169 Ghordius
Ghordius's picture

"when Draghi takes the podium and resumes his rendition of Greenspan" LOL

Thu, 01/10/2013 - 08:58 | 3140175 Boilermaker
Boilermaker's picture

Time to ramp the futures...

Yep.  Thanks.

The RUT is way know...again.

Thu, 01/10/2013 - 09:02 | 3140179 Navymugsy
Navymugsy's picture

I didn't think they could go negative officially...

Thu, 01/10/2013 - 09:07 | 3140187 Cursive
Cursive's picture


Nominal rates are still positive, "real" rates are negative.

Thu, 01/10/2013 - 09:02 | 3140181 overmedicatedun...
overmedicatedundersexed's picture

the recovery is strong and growing stronger so we will keep rates low as it is not as strong as stated and we lie alot

Thu, 01/10/2013 - 09:03 | 3140182 youngman
youngman's picture

This for the next 5 years I think...

Thu, 01/10/2013 - 09:08 | 3140189 AccreditedEYE
AccreditedEYE's picture

Like I been saying, just BTFD. New highs soon enough, bitches.

Thu, 01/10/2013 - 09:13 | 3140197 firstdivision
firstdivision's picture

Hey look, futures are up on the shocking announcement that the ECB is currently holding rates unch.  Must mean all is well in the world again, lets party like its 1994

Thu, 01/10/2013 - 09:22 | 3140217 Boilermaker
Boilermaker's picture

The banksters are doing exactly that.

Thu, 01/10/2013 - 09:19 | 3140207 LongSoupLine
LongSoupLine's picture

Fuck you Draghi, piece of Goldman shit.

And a big fuck you to Buffett who "guarantees" fucking banks this morning. Fucking die you old fucking two faced fucking crook.

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