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Draghi is cautious – waiting and watching

The European Central Bank leaves the main lending rate unchanged at 0%, the deposit rate at -0.40% and the QE program at 80 billion euros as widely expected.

ECB Mario Draghi tried not to rock the boat.

Here are the highlights. Below you can find the full live blog and the live video coverage.

Draghi highlights

  • All in all, they were very cautious with forecasts: small changes to 2016 but nothing for the future.
  • Wait and see mode: still waiting for implementation of the last measures announced in March.
  • Self satisfaction:  we are doing our best
  • Governments  should do more
  • We will do more if there are risks to stability

Live Blog

Live Video Coverage

Join Valeria Bednarik, Mauricio Carrillo and I for a live coverage of the events:

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.