In the euro area the cost of money remains stable al historic low of 0,75%. This is what the European Central Bank decided which, as expected, avoided making new changes after the cut made last month. Deposit rates are also unchanged kept by the ECB on behalf of the banks, allo zero percent and the overnight lending rate remains at 1,25%.
But attention is still high for the press conference of the president of the ECB Mario Draghi who at 14.30 will explain the decisions taken in the monthly monetary policy council. AND' in fact, it is possible that Draghi will announce possible new extraordinary measures against market tensions. These expectations, which have brought euphoria and improvements to the markets in the past few days, were fueled last week by Draghi himself, who warned that "the ECB, within the scope of its mandate, is ready to do anything to preserve the euro" .
Also in the morning Bank of England has decided not to intervene on the interest rates that remained unchanged at 0,5%. The Central Bank of England has also decided to continue the asset purchase program in the amount of 375 billion pounds.
The two Stock Exchanges in the sights, Milan and Madrid, responded positively to the announcement of maintaining interest rates, gaining 1,25% and 1,08% respectively. The spread at 445 basis points.
