Showing posts with label Monetary Outright Transaction program. Show all posts
Showing posts with label Monetary Outright Transaction program. Show all posts

Thursday, October 4, 2012

Currency: Euro strengthened on ECB comments

The European Central Bank on Thursday kept the benchmark interest rate on the main refinancing operations at 0.75 percent. This was not a surprise from the ECB as the only few individual analysts and economists had expected a reduction in European interest rates.