As expected, no changes in any of the three key rates from the ECB.
4 April 2013 - Monetary policy decisions
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.75%, 1.50% and 0.00% respectively.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today.
More important will be the press conference starting at 8:30 am Eastern, where Draghi will field questions on the ECB's non-intervention in light of the conditions it imposed most recently in Cyprus, the legal term-sheet status of the OMT, the latest relapse into recession by Europe, and more. Note: we said questions, not answers.