The ECB left its benchmark interest rate unchanged at 0.00 %, as widely expected. Central bank announced a reduction in the pace of its asset purchases over the coming quarters, citing the progress on economic recovery and towards its medium-term inflation target. The bank also said it would discontinue net asset purchases under the PEPP at the end of March 2022, and reinvest the principal payments from maturing securities purchased under the PEPP until at least the end of 2024. APP of 40 billion in Q2.
EURUSD bounced off the 1.1300 support after ECB decision and is heading towards next resistance level at 1.1355. Source:xStation5
BREAKING: NY Empire better than expected; EURUSD muted 📌
Precious metals at record highs: Gold and Silver shine as the Fed ends its Tightening Cycle
Fed Collins remarks on monetary policy and US economy🏛️EURUSD gains 0.2%
IMF raises its global growth outlook, supported by the AI-driven investment boom 🔎