La European Central Bank , Bank of England they confirmed the interest rates on euro and pound sterling at the historic low, in both cases equal to 0,5%. Furthermore, the ECB kept the rate on deposits at zero and that on marginal refinancing operations at 1%.
The inaction of the two central institutes was widely expected by the market, which is now focusing attention on Mario Draghi's press conference, scheduled for 14 pm. First of all, reassurances are expected from the number one of the Eurotower on the future of politics currency of the ECB.
The operators' hope is that the central banker will reiterate his intention to keep yields at a minimum for a long time to come, eventually intervening with further cuts to support the economic recovery of the currency area. An intention for the truth already confirmed in the past by Draghi, but which has recently been questioned by some Bundesbank analysis, the German Central Bank.
As for the Bank of England, the directorate has chosen not to modify the program of operations in support of British government bonds, already implemented in recent years for a total amount of 375 billion pounds.
Not only. The central bank has also launched a new small operation: the 1,9 billion in capital gains deriving from the treasury flows of the bonds acquired in September will in fact be "reinvested", they say from London.
