ECB keeps bid rate unchanged at 0.75%

Note: This section contains information in English only.
Source: Forexlive.com
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

ECB is ready to buy government bonds

The ECB President Mario Draghi said the central bank is prepared to start buying government bonds as soon as the requirements are met, forcing Spain to decide whether it request bailout. The central bank stands ready to implement Outright Monetary Transactions, after the benchmark rate was left at 0.75%. "With the OMT, the ECB has tackled and exorcised fears of an imminent Eurozone break-up," said Carsten Brzeski,

Thu, 04 Oct 2012 14:44:49 GMT

World food prices advance in September

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