Let’s Review & Reactions to ECB’s Interest Rate (Non)Decision

April 03, 2014

By Knowledge Leaders Team in Uncategorized

Earlier this week, we saw data releases for consumer prices and unemployment in Europe:

This morning, Draghi announced that key rates would remain unchanged while affirming the ECB’s commitment to ‘consider all instruments available’ in order to cope with ‘lowflation’ in the Eurozone. The EUR/USD exchange rate quickly fell:

French and Italian bonds also fell sharply versus their German counterpart before rebounding, while Spanish yields declined more gradually:

Meanwhile, gains in stocks were mixed/ short-lived:

Tags > consumer prices, Europe, Interest Rates, unemployment

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