Completely in line with expectations.
From the ECB:
At today’s meeting, which was held in Brussels, 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 0.25%, 0.75% and 0.00% 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.
And while there is some hope Draghi can do something besides jawbone, because so far he has shown he is woefully incapable of acting, at the press conference in 45 minutes, for now the EURUSD is rapidly approaching the 1.40 “redline.”
