1:53 PM · 12 March 2020

BREAKING: ECB leaves rates unchanged but boosts QE

European Central Bank left rates unchanged today. However, the Bank announced new long-term refinancing operations in an attempt to provide the market with additional liquidity. ECB also increased size of monthly bond purchases by €120 billion through the end of 2020. The Bank said it will provide more details later. EURUSD pared daily decline on the release.

EURUSD recovered from today’s drop on ECB announcement. The pair is eyeing a break back above 1.13 handle. Source: xStation5

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