- Recent economic data disappoint, a worryingly gloomy outlook at the start of 2Q13 is spreading.- Dovish comments from ECB´s Governing Council members hint to a rate cut.
At todays meeting, the ECB left interest rates unchanged at 0.75%, as widely expected, and also signalled that other measures would be implemented if the situation worsens.
As expected, the ECB Governing Council (GC) left the key policy rate unchanged at 0.75%.
As expected, at today´s monetary policy meeting the ECB kept rates unchanged at 0.75% and took no additional steps on non-standard liquidity measures.
Rates unchanged. The decision was unanimous. Mr. Draghi emphasized the stabilization of several conjunctural indicators and the significant improvement of financial market confidence
Priority for the ECB still to repair the transmission mechanism channels
A ''fully effective backstop'' is in place, the decision is up to governments
The ECB delivers; the ball is now in the court of governments
The ECB is likely to resume bond purchases but countries have to ask the EFSF/ESM bailout fund for support and the fund needs to intervene in markets first
As expected, the ECB decided to cut the main policy rate by 0.25% to 0.75%, to historic low at todays monetary policy meeting.
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