ECB Press Statement

ECB Press Statement

From ecb.int

Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today’s meeting of the Governing Council, which was also attended by the Commission Vice-President, Mr Rehn. Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unchanged, following the decrease of 25 basis points in July. As we said a month ago, inflation should decline further in the course of 2012 and be below 2% again in 2013. Consistent with this picture, the underlying pace of monetary expansion remains subdued. Inflation ... (full story)

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Aug 2, 2012 8:00am

1.18xx here we come

Aug 2, 2012 8:12am

Now is time for vengance. No more patience for EZ. You f***ing market enough.

Iro

Aug 2, 2012 9:01am

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Omg so much whipsaw. Down up down and now its up again.

holmes

Aug 2, 2012 9:08am

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I wouldn't even believe for a second that ECB, Merkel, Holla.. have been bluffing taking measures needed.

Manekineko

Aug 2, 2012 10:50am

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Quoting Guest

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draghi not a power to save euro

Ignored

Dragonball has more powers.

We can call Udinì or David Copperfield to save the Euro.

aQuant

Aug 2, 2012 8:21am

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"The Governing Council extensively discussed the policy options to address the severe malfunctioning in the price formation process in the bond markets of euro area countries."

So they think the investors should buy this crap for lower yield and call it 'malfunctioning in the price formation'.