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ECB lowers key rate to 0% from 0.5%, Bank deposit rate lowered to -0.4%

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Financials: June Bonds are currently 1 lower at 162’11, 10 Yr. Notes 5.5 lower at 128’15 and 5 Yr. Notes 5.2 lower at 119’21.5. June 2017 Eurodollars are 3 lower at 98.87. Yesterday the ECB lowered rates to 0.0 and announced that QE would continue in an effort to stimulate lending in lieu of banks depositing cash with the central bank, of which such deposits would now have a negative rate of -0.4%. Their ultimate goal is for a 2.0% rise in inflation, of which is now quite a bit below the goal.

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