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ECB: No Change
Yawn
3 May 2012 - Monetary policy decisions
At today’s meeting, which was held in Barcelona, 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.
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Hopefully something more exciting in store for the 8:30 press conference.
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"No problems here, why would we change rates?"
*cough*
What.....me worry?
how much DV01 exactly now Tyler?
Damn, I was hoping for a fancilly named new lending operation or something.
At the very least they should setup some kind of Circus creation incentive plan just in case the ECB has to be downsized and all those clowns need to find a new job.
Shame on Draghi, obviously he is no Ben Bernanke with whom you cannot play hanky panky!!!
Sincerely, Bob Brusca
There is a change:
ECB Fear Indicator near record level
Banks deposited now over 800 billion with the ECB
http://www.cds-info.com
I'm sure it's just a mild panic attack.
Gee, thanks for being timely...........
FROM ZH at 07:08
Completing the picture is the ECB which announced that yesterday banks deposited for the first time since early March a total over €800 billion (primarily as Northern European banks see their holdings of Southern paper mature and not get rolled over), or €803 billion to be precise, a €14 billion increase overnight, as one can make the argument that liquidity is once again starting to freeze up.
More importantly who is catering the function and what vintage wines are they serving?
For extra credit: does a Tawny Port mask cyanide well?
Funny, the Spanish state spent millions of Euros (that they don´t have) on the insanely bloated sequrity for the meeting and the delegates agree to not change a thing.
Long pitch forks, tar and feathers.
Average Joe six pack investor: How did we get into this mess?
Wall Street broker: Greenspan kept rates too low for too long.
Joe six pack: how are they gonna fix it?
Wall street broker: The Bernank has it all under control. He is going to lower rates even further for a longer period of time.
Joe six pack: I see. Where do I buy some gold?
Wall street broker: You mean, GLD?
Joe six pack: No, physical gold.
Wall street broker: What's that?
Europe doing what it does best...nothing (with a nice lunch)
"In other pop news, superstar dance troupe, ECB, performed their hit theme 'Nothing to See Here' at a lavish ceremony in Spain."
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