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.