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ECB, reference rates confirmed at 1%

In line with the expectations of analysts and the markets, Mario Draghi has not communicated any changes to the reference rates after the monthly monetary policy council of the ECB: they will remain at 1%, the same figure as in December.

ECB, reference rates confirmed at 1%

In line with market forecasts and financial analysts, the ECB opted for a confirmation of the reference rates at the end of the monthly monetary policy council: they will remain stable at 1%, the level reached in December with Mario Draghi's move to loosen by a quarter of a percentage point.

Deposit and overnight loan rates were also unchanged, at 0,25% and 1,75% respectively. Concluded Wednesday of last week, the latest Reuters poll shows 95 of the 100 economists polled bet on a confirmation of the cost of money, while 5 analysts expected a quarter-point cut.

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