News Headline Summary
The ECB leaves its key benchmark interest rate unchanged at 0.75%, as expected
- Deposit rate unchanged at 0%.
- Marginal rate unchanged at 1.50%.
Reaction details (13:03)
- No reaction seen in EUR/USD, Bund futures or European equity futures as this decision was in-line with expectations.
- Dec Euribor saw volatility following the rate decision, with an immediate move to the downside as rates were kept unchanged as there was an outside chance of the ECB cutting the deposit rate, however this was quickly pared; trades 99.82 last.
08 Nov 2012 - 12:45
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX, energy, and metals markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts