Investing.com - The European Central Bank left its benchmark interest rate unchanged at a record low for the fifth consecutive month in December, it announced on Thursday.
The ECB said it was maintaining the benchmark interest rate at a record-low 0.75%, in line with market expectations.
The central bank also left its marginal lending and deposit facility rates unchanged at 1.50% and 0.0% respectively, as widely expected.
ECB president Mario Draghi was to comment on the decision at a press conference later in the day.
Market participants will scrutinize Draghi’s comments for clues in regards to the central bank's next course of action in dealing with an ongoing sovereign debt crisis.
Following the announcement, the euro was little changed against the U.S. dollar, with EUR/USD
easing down 0.01% to trade at 1.3066.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 added 0.3%, France’s CAC 40 rose 0.15%, Germany's DAX advanced 0.9%, while London’s FTSE 100 eased up 0.3%.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.