ECB Leaves Rates On Hold
As with the BOE's widely anticipated cut, the ECB conformed to the majority of expectations by leaving interest rates in the Euro Zone unchanged today.
In a Reuters survey, out of 85 respondents 82 said they expected ECB rates to be left on hold today. A similar majority predict a cut when the bank next meets in March however.
ECB President Jean-Claude Trichet holds a press conference at 1.30 to explain the banks decision. His comments will be closely monitored by the market for clues as to how much of a cut can be expected in March.
In a Reuters survey, out of 85 respondents 82 said they expected ECB rates to be left on hold today. A similar majority predict a cut when the bank next meets in March however.
ECB President Jean-Claude Trichet holds a press conference at 1.30 to explain the banks decision. His comments will be closely monitored by the market for clues as to how much of a cut can be expected in March.