- The ECB maintain policy parameters
- Draghi points at slower growth
- US inflation data mixed
The ECB maintained interest rates at an unchanged level that is -0.4% for the deposit rate and 0% for the refinancing rate. At the same time the Bank maintained its view that rates will not increase this year. The beginning of the post-meeting conference brings a small rally on DE30 even as Draghi points at slowing growth and persistence of uncertainties.
Source: xStation5
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Create account Try a demo Download mobile app Download mobile appThe US inflation data was mixed – the headline increased to 1.9% but the core inflation (without food and energy) actually decelerated to 2%. The consensus saw headline inflation accelerating to 1.8% y/y from 1.5% in February but core inflation stable at 2.1% y/y so the overall impression is mixed or even slightly negative for the dollar as the core inflation is seen as more important.
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