ECB leaves interest rates on hold

  • refi rate 0.25%
  • depo 0.0%
  • marginal +0.75%

As widely expected

Now onto the presser at 13.30 for the detail in the decision and what’s on the Draghsters mind.

EURUSD 1.3759 from 1.3751

No sign of the 2016 projections as yet so we must assume Draghi will deliver those at the presser too

Best in 2026

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