ECB Leaves Rate Unchanged At 1.50% - Full Statement

Just out from the ECB:

6 October 2011 - Monetary policy decisions


At today’s meeting, which was held in Berlin, 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 1.50%, 2.25% and 0.75% 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.

EURUSD, ironically, not too happy about lack of 50 bps cut. Now the market looks for JCT to say something at the press conference at 45 minutes although it may be quite disappointed.


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