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ECB left interest rates unchanged

Thursday, Apr 21 2016
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 0.00%, 0.25% and -0.40% respectively. Regarding non-standard monetary policy measures, we have started to expand our monthly purchases under the asset purchase programme to €80 billion. 
At the following Press Conference ECB President Mario Draghi said that ECB will continue its policy of low interest rates for extended period of time; well past horizon of asset purchases. Following comprehensive package of decisions taken in early March, broad financing conditions in the euro area have improved, Draghi noted. Domestic demand continues to be supported by monetary policy measures, according to Draghi.
 
Euro is currently being traded few points below 1.1330 level. Pair is likely to find support around 1.1250 handle and resistance above 1.1380 level. 
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