The European Central Bank meets the script and leaves rates at 0.00% – Investing.com Spain

Investing.com – The Governing Council of the European Central Bank (ECB) has decided in its meeting today maintained without current changes located at 0.00%, in a decision . widely expected by the market

Similarly, the bonifica with the central bank (in this case penalizes) deposits of financial institutions in their coffers will stay at -0.40%; while the marginal interest rate remains at 0.25%.

In addition, the monetary authority has opted to keep the amount of the asset purchase 80,000 million euros per month, while who it said that the economic stimulus program will remain in force at least until March 2017, “or even beyond if necessary”.

After hearing the news, the market has shown a first bearish reaction in the markets, with a brief spike to the euro. Despite natural expectation that always generate the monetary policy decisions of central banks, the consensus of analysts did not expect any movement on interest rates for the appointment today.

One of the instruments investment more exposed to everything that has to do with the decisions of the ECB has been a close to 30 pips move in a first bullish reaction and waits now the appearance of the state governor, Mario Draghi, around the level of 1 1300.

press conference Draghi

Following the publication of the decision of the entity in relation to interest rates, it is expected now traditional management up to the institution, Mario Draghi, at 1430 hours.

the main objective of journalists and investors will try to find in the words of Draghi specific details on the possibility of extending the time stimulus program, as noted by the institution in its statement on the decisions taken on monetary policy.

in addition, the bank European banks might have been forced to look again at its economic forecasts in as for inflation and growth for the euro zone to adapt to the new situation post-Brexit

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