We have updated our privacy policy and terms & conditions. Find out more here.

ECB holds rates at record-low 0.75%; Draghi comments eyed

Economic IndicatorsDec 06, 2012 12:46PM GMT Add a Comment
Share with a Friend
Thanks for sharing
Emails have been sent to:
To send more emails click here
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%.  

ECB holds rates at record-low 0.75%; Draghi comments eyed

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Are you sure you want to delete this chart?
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?

Successfully Reported

Thank you. This comment has been flagged for a moderator.
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.