Pages

Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Wednesday, June 3, 2015

ECB keeps interest rates unchanged (EUR, USD)

The European Central Bank kept interest rates unchanged, as expected. The bank maintained a -0.2% deposit rate, a 0.05% main refinancing rate, and a 0.3% marginal lending facility rate.  The main focus will be what ECB president Mario Draghi has to say in his press conference, though markets do not expect he will announce any plans for the ECB to change its current quantitative easing program.  Draghi is set to begin speaking at 8:30 a.m. ET.  Currently the ECB is buying €60 billion worth of bonds each month and plans to do so through September 2016.  Investors will be looking for comments from Draghi regarding this program, as well as the recent increase in bond yields in the eurozone, and any commentary regarding situation in Greece.  More to come ...Join the conversation about this story » NOW WATCH: Here's what happens when you get bitten by a black widow


READ THE ORIGINAL POST AT uk.businessinsider.com