- ECB keeps interest rate on main refinancing operation steady at 0%.
- Shared currency largely ignored the rate announcement, EUR/USD is flat below 1.11.
- ECB President Lagarde will deliver her remarks on policy outlook at 13:30 GMT.
At its monetary policy meeting held on January 23rd, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected. Attention now turns to ECB President Christine Lagarde's first press conference at 13:30 GMT.
The EUR/USD pair was last seen trading at 1.1090, where it was virtually unchanged on a daily basis.
"Rates at present or lower levels until inflation outlook robustly converges to target, reflected in underlying inflation."
"APP will run for as long as necessary, end shortly before the first rate hike."
"Will reinvest APP in full for an extended time after the first rate hike, for as long as necessary."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.