The European Central Bank left the main refinancing rate unchanged at zero, in line with analysts' expectations, following today's Executive Board meeting. This was announced by the ECB itself, which also confirmed the rates on overnight deposits at the ECB counter at -0,40%. The marginal lending rate also remains at 0,25%.
No changes also regarding the Quantitative easing, i.e. the 80 billion euro purchase program which will continue until March 2017 "or beyond if necessary".
The European Stock Exchanges have slowed down after the moves of the Frankfurt institute. Milan has moved to parity, Paris slid down (-0,17%) and Frankfurt worsened (-0,35%). Even Madrid, which previously gained around 1%, is now up 0,7%. The euro regained 1,13 against the dollar: it is worth 1,1303 dollars.
