To summarize the ECB Moves, they were essentially in-line with
expectations.
The ECB cuts its
benchmark refinancing rate to 0.15% from 0.25% and its deposit rate
to -0.10% from 0.00%. The rate on the bank's marginal lending
facility is cut to 0.40% from 0.75%.
The markets will now focus on Draghi's press conference which
begins at 8:30 EST.
ECB Moves
Posted by steve on 5th of Jun 2014 at 08:15 am
To summarize the ECB Moves, they were essentially in-line with expectations.
The ECB cuts its benchmark refinancing rate to 0.15% from 0.25% and its deposit rate to -0.10% from 0.00%. The rate on the bank's marginal lending facility is cut to 0.40% from 0.75%.
The markets will now focus on Draghi's press conference which begins at 8:30 EST.
http://www.ecb.europa.eu/press/tvservices/webcast/html/webcast_140605.en.html
-.10pct, what does that mean?
Posted by himsa on 5th of Jun 2014 at 11:49 am
-.10pct, what does that mean? Lol, the banks lose .10pct?
Means EURO banks can be competitive w/ JPY banks to lend to hedge funs to buy more stocks, lol
Posted by racerick on 5th of Jun 2014 at 11:59 am
yes, and lend less???
Posted by torvix on 5th of Jun 2014 at 11:52 am