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ECB Keeps Rates Unchanged As Expected

Tyler Durden's picture




 

No surprises from Draghi this time, although judging by the kneejerk reaction in the USDJPY, at least one algo was expected a little something from the former Goldmanite.

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 0.15%, 0.40% and -0.10% 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.

And now, as per tradition, everyone will focus on the Draghi press conference in 45 minutes time for further clarification from the central banker.

 

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Thu, 08/07/2014 - 07:53 | 5057984 GetZeeGold
GetZeeGold's picture

 

 

Yes....I absolutely did expect that.

 

Off topic.....how many dating sites do we have advertising here now? I can only date so many elder cougar asian midget chicks at one time.

Thu, 08/07/2014 - 08:12 | 5058018 negative rates
negative rates's picture

Yes but you might accidently click the button and make someone some money, so no end there.

Thu, 08/07/2014 - 08:41 | 5058126 Cattender
Cattender's picture

not interested in COUGARS myself.. LOL!!!

Thu, 08/07/2014 - 07:53 | 5057988 Spitzer
Spitzer's picture

ECB let's the Fed do the printing. Banks in Europe are the dollars problem

Thu, 08/07/2014 - 07:55 | 5057992 medium giraffe
medium giraffe's picture

Rabbit in the headlights policy remains on target for something or other.

Thu, 08/07/2014 - 08:14 | 5058020 negative rates
negative rates's picture

Saw a dead turkey vulture on the side of the road the other day, maybe he was going for that pesky rabbit.

Thu, 08/07/2014 - 07:54 | 5057993 yogibear
yogibear's picture

Goldman bankster soldiers act as expected.

Thu, 08/07/2014 - 08:11 | 5058015 buzzsaw99
buzzsaw99's picture

he can't do much with the eur/usd below the 1.35 peg. #WINNING!

Thu, 08/07/2014 - 08:36 | 5058107 Spitzer
Spitzer's picture

EU central bankers are closet Keynesians. They want a strong Euro

Thu, 08/07/2014 - 08:11 | 5058017 firstdivision
firstdivision's picture

Can someone ask Draghi if any additional funds were deposited in a Belgium account this past week?

Thu, 08/07/2014 - 08:19 | 5058038 Squid Viscous
Squid Viscous's picture

i'm gonna go out on a limb and say...Bullish!

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