The ECB left the QE program and the interest rates unchanged as expected and also repeated that the QE program will continue to March 2017 or beyond, an unusual addition to the short statement.. /in the press conference, Draghi does not rock the boat. Brexit has been met with resilience, and that is EUR positive. Regarding further action, the approach is “wait and see”. And governments should do more, much more.
Specifically, he seems to side with the Italian government regarding aid for banks. This will not go down well in Berlin.
We cover the event and of course the impact on the world’s most popular currency pair: EUR/USD.
ECB Live Blog – as it happened
Live blog of the events of the decision at 11:45 and Draghi’s press conference at 12:30
Follow the live video coverage of the event with Valeria Bednarik and Mauricio Carrillo of FXStreet. And you can participate in the chat:
You can watch the live broadcast here, from 7:00 GMT. The chat box is below and we certainly welcome questions.
(If you can not see or type in the chat box please go here)Get the 5 most predictable currency pairs