ECB Keeps Rates Unchanged As Expected

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.