European Central Bank decided to leave interest rates unchanged as expected. Bank said that risks are clearly tilted to the downside and that rates will remain at present levels until inflation enars the goal. PEPP programme will run at least through the end of June 2021 while maturing bonds will be reinvested until end-2022. ECB said that a set of forecasts scheduled for release in December will allow for a clearer assessment and recalibration of stimulus. As rates and asset purchases settings were left unchanged, markets barely saw any reaction. Attention shifts to Lagarde presser at 1:30 pm GMT.
EURUSD bounced off monthly low at 1.17 after ECB decided to leave rates and asset purchases limits unchanged. However, pair keeps trading lower on the day. Source: xStation5
