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ECB Keeps Rate Unchanged At 1.00% As Expected

Tyler Durden's picture




 

No surprise.

12 January 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 1.00%, 1.75% and 0.25% 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.

Now the question is whether the ECB will announce some unconventional easing methods. We doubt it: it already has its hands full explaing why its balance sheet has grown by €600 billion in 6 months.

 

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Thu, 01/12/2012 - 08:48 | 2057767 EscapeKey
EscapeKey's picture

This is... good for equities, right?

Thu, 01/12/2012 - 10:46 | 2058164 Fíréan
Fíréan's picture

THIS WEBSITE SEEMS TO BE PREDOMINANTLY EURO NEWS DAY AFTER DAY AFTER DAY.iS THIS AN INTENTIONAL DISTRACTIONJ FROM THE usa ECONOMY IS IS THERE TWO VERSIONS OF ZERO HEDGE ;A EURO VERSION ANDA USA VERSION.

Thu, 01/12/2012 - 08:49 | 2057769 Cassandra Syndrome
Cassandra Syndrome's picture

As Expected bitchez

Thu, 01/12/2012 - 08:52 | 2057779 Mongo
Mongo's picture

When farce is at work change is just semantics

Thu, 01/12/2012 - 08:57 | 2057788 Oh regional Indian
Oh regional Indian's picture

nice Mongo. I personally feel that when work is a farce, semantics changes 2.

ori

Thu, 01/12/2012 - 09:14 | 2057821 LongSoupLine
LongSoupLine's picture

 

 

...and to the top of the ES channel we go on massive unvolume!

Thu, 01/12/2012 - 09:52 | 2057947 azzhatter
azzhatter's picture

Everything is good for equities

 

Jim O' Neill

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