European Central Bank keeps interest rates unchanged2 August, 2012, 19:45. Posted by Zarathustra
The European Central Bank keeps the main refinancing interest rate at 0.75%, while the rates for marginal lending facility and deposit facility are left unchanged as well at 1.5% and 0% respectively. This is in-line with market expectation as far as rates are concerned.
As usual, there will be press conference later, and it can be watched here. The coming press conference could be an important one. It will be interesting to see if the ECB will announce anything big in the presser.
As a reminder, there are a number of options that are possible for the ECB.