11:50 AM · 30 April 2020

BREAKING: ECB leaves rates unchanged, EURUSD unimpressed

European Central Bank left interest rates unchanged at today's meeting. Such a decision was widely expected and, in turn, we did not see much of a reaction on the market. The Bank said that rates will remain at present levels until inflation nears target. Size of the Pandemic Purchase Program was affirmed at €750 billion. The Bank also launched a new series of long-term refinancing operations (LTRO).

EURUSD barely moved on ECB decision announcement. The pair continues to trade above the downward trendline and below resistance zone at 1.0880. Source: xStation5

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