http://www.fxstreet.com/fundamental/interest-rates/ecb-review-no-surprises/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/interest-rates/ecb-review-no-surprises/2009-06-04.htmlAs expected, the ECB left all the rates unchanged, with the refi standing at 1.00% , and unveiled the relevant details of the upcoming covered bonds purchase program. The main points of today’s press conference are. On the "traditional" monetary policy front: The ECB confirms that the 1.0% refi rate level is appropriate at this time, but also that it is not a pre-decided floor . We still believe rates will remain at 1.0%, as long as that the ECB’s (and our) baseline scenario holds. StaffThu, 04 Jun 2009 14:25:18 GMThttp://www.fxstreet.com/fundamental/interest-rates/communication@unicreditgroup.eu (UniCredit Group)http://www.fxstreet.com/fundamental/interest-rates/ecb-review-no-surprises/2009-06-04.html