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Euro whipsaws on ECB rate decision

1:57 PM December 13, 2018
The European Central Bank decided to halt its bond buying programme this month as widely expected. At the same time, it said that reinvestment of maturing debt will go beyond the date of the first interest rates increase. The ECB also plans to keep rates unchanged at least through the summer 2019. The euro whipsawed on the rate decision declining to 1.1360 and jumping to 1.1390. The German 10Y yield stayed around 0.27%. The press conference will kick off at 1:30 pm GMT.

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