EUR/USD: ECB Monetary Policy Statement

The Euro traded sideways against the US Dollar, following the ECB Monetary Policy Statement release on Thursday at 12:45 GMT. The EUR/USD exchange currency rate gained 10 pips or 0.08% after the release. The Euro continued trading at the 1.2160 level against the Greenback after the release.

The European Central Bank released the Main Refinancing Rate data, which came out in line with the expectations of 0.00%.

According to the official release: "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 0.00%, 0.25% and -0.50% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics."