ECB keeps bid rate unchanged at 0.75%

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Source: Forexlive.com
© Scanpix/Reuters
The ECB Governing Council held its minimum bid rate stable at 0.75% for the third consecutive month during a monthly meeting on Thursday. Markets posted only a 3% probability of a rate decrease today. For now the 0.75% bid is the rate at which refinancing agreements are established for all participants.

During the meeting the Council also decided to leave its deposit rate unchanged at 0% and marginal lending rate at 1.50%, after a 25 bps decrease in July. This creates a corridor of 150 bps, which at some point may be restored to 200 bps, the level, held up until Oct. 2008.
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Thu, 04 Oct 2012 15:19:29 GMT

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