The European Central Bank (ECB) announced on Thursday (October 30th) that it kept its key interest rates unchanged after its October policy meeting, as expected. This decision leaves the main refinancing operations rate, the marginal lending facility rate, and the deposit facility rate at 2.15%, 2.4%, and 2%, respectively.
The European Central Bank (ECB) is expected to maintain the main refinancing operations rate, the marginal lending facility rate, and the deposit facility rate at 2.15%, 2.4%, and 2%, respectively. The decision will be announced on Thursday at 13:15 GMT.
The rate decision will not be accompanied by the latest staff economic projections, but will be followed by ECB President Christine Lagarde's press conference at 13:45 GMT.
The EUR/USD pair is likely to experience intense volatility following the ECB's policy announcement, as euro (EUR) traders will be looking for fresh signals on whether the central bank has ended its interest rate cutting cycle. (alg)
Source: FXstreet
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