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ECB Keeps All Three Interest Rates Unchanged
Nothing material was expected to be announced by the ECB ahead of today's Mario Draghi conference in 45 minutes, and sure enough, nothing was, with the ECB reporting that all three key rates remained unchanged. From the release:
At today’s meeting, which was held in Malta, 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 0.05%, 0.30% and -0.20% respectively.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 14:30 CET today.
Perhaps notable is that at the same time, the ECB announced that it had cut the ELA ceiling for Greek banks from €87.9 billion to €86.9 billion, showing that after one month, Greek banks had managed to add about a billion in liquidity. At this rate the ECB's ELA may be removed entirely some time in 2020.
More at half past the hour when Mario Draghi speaks.
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Hold on....let me find my shocked face.
https://www.youtube.com/watch?v=srw3RdiIlrQ
I came on to note how "shocked" I was. (DUH!) Great clip!!!
Put this up against Goldman SUKS's lastest revision on gold viz the FED's always pending rate hike...don't cha know. Five plus years and still pending! (Didn't Japan raise rates a few years back - how did that work out? Funny how the Keynesians ignore Japan... Even after Krudman said you have to hit the print key with a monkey hammer. Not enuf - don't cha know.
Just like all the failed attempts at communism - the answer from the left is always - it wasn't enuf. But then the Khmer Rouge took over... communism in overdrive...silenced a lot of the "not enuf crowd." It became "too much."
I wonder when Krudman says "Oops too much?" f-ing nitwit.
More fakery, as if keeping, raising or lowering rates means anything at this stage.
Lemme guess, but next time expect a rise in rates! Bwwwwhhaaaaaaa
US futures just took a nosedive. Evidently the heroin dealer failed to deliver .....
Draghi and the rest of the banksters are at the end of their ability to stimulate.
Sure they can inflate through helicopter drops of money. What happens when that's over?
LOL, boxed in a corner.
As a special treat the EU has a load of Jihad oriented refugees living in the EU ready to chop some heads and do bombings. It's out of control for them.
How much more of this drama circus with these bankers? There is no way in hell any bank is raising rates in this enviorment and printing paper does not last or fix a debt problem so lets just move on with the planned collapse.
And here is how this is presented to the rank and file CNBC watchers.
http://news.yahoo.com/ecb-consider-more-stimulus-amid-global-uncertainty-090739834--finance.html
Everything is fine/sarc
The new Politboro - as the banksters hang on every twisted utterance.
Don't worry Mcdonald's to the rescue...
Someone will buy...
WTF? We want them to lower, lower and then lower some more... damnit man!
Signed, W.Street
Are they still trying to get Greece to pay for their flashy building in Germany ?
Get on with the fucking presser....I got shit to do. Love trading this turd.....
Negative....Are you kidding me?
LOL!! More free money for the bankers and financiers!
Do they still know how to make guillotines in France?
I've almost finished my patent paperwork for the new Yellen pull-string doll.
Pull the string and it says: Transitory data indicates a rate hike will be likely next quarter. Then it pukes.
ECB can do whatever it wants. The result will be the same.