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ECB Leaves Interest Rates Unchanged

By Jon C. Ogg Updated Apr 27, 8:41PM EDT · Published Nov 8, 7:55AM EST

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The European Central Bank has decided to leave interest rates unchanged. This means that the refinance rate will remain at 0.75%.

Today’s statement from the monetary policy decisions says:

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.75%, 1.50% and 0.00% respectively. The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today.

Greece did pass the unpopular austerity measures, and we are awaiting weekly jobless claims from the U.S. Labor Department this morning at 8:30 a.m. EST. Dow futures are up 43 points and S&P 500 futures are up 2.75 so far this morning. Mario Draghi will be speaking later this morning.

JON C. OGG

Contact [email protected] for any questions or corrections.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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