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 - - Source: Newswires

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