The euro exchange rate has risen sharply against the U.S. dollar , helped by ECB head Draghi statement and rate decision . Today the European Central Bank left interest rates unchanged at a record low - 0.25% , after taken into account received in recent economic data and forecasts of economic development in all evrozone.Eto decision expected by economists. Deposit rate is left at zero , and the lending rate - at 0.75 %.
President Draghi at a press conference, said that if the situation will develop worse than expected , the Governing Council is ready to act to provide support to the economy in a significant amount . One of the options discussed measures is negative deposit rate . Another possibility is the purchase of assets and long-term loans to increase lending to companies and households . The ECB may also decide to publish the results of monthly meetings to improve interaction with the market.
Earlier, the ECB expected average inflation of 1.5 % this year and 1.3% in 2014 , economic contraction of 0.4 this year and an increase of 1 % in the next, but at a press conference Draghi has lowered the forecast inflation to 1.4 % this year and to 1.1% in 2014. GDP growth forecast for 2013 has not changed , and the GDP growth forecast for 2014 was raised from 1.0% to 1.1%. GDP growth forecast for 2015 - 1.5%.
Also influenced the course of trading data for the U.S. . Published today a report showed that U.S. gross domestic product grew by 3.6 per cent per annum in the third quarter , compared with the initial estimate of 2.8 % level , and experts forecast at around 3.1 %. It was also reported that the number of initial claims for unemployment benefits fell by 23 thousand - up to 298 000 , while fixing the third consecutive weekly decline .
Pound fell against the dollar against the decision of the Bank of England, which left its key interest rate unchanged in order to support the economic recovery gathers pace UK. This was stated by the results of the two-day meeting of the Committee on the monetary policy of the Bank of England. According to the statement , the interest rate remained unchanged at 0.5% , and the size of bond-buying program is stored in the same volume of $ 375 billion British pounds ( 614 billion U.S. dollars). This decision does not come as a surprise to investors. Usually in cases of code , monetary policy remains unchanged , the Bank of England does not release accompanying statements . Earlier in November , the Bank of England signaled Carney propensity bank representatives to the conservation policy in order to maintain growth and employment among Britons , while inflation has remained low-key . In addition, in the autumn forecast UK Treasury Minister of Finance noted improvement in the economic forecast of the Office of Budget Responsibility , as well as a number of initiatives for business development and the housing market.
The yen strengthened against the U.S. currency since yesterday the release of strong employment data from the U.S. ADP raised expectations that the Fed may start folding before, namely on December 17-18 and January 28-29 , when the Fed's meeting will be held . According to the survey , the labor market remains stable , despite the work stoppage government and uncertainty about the debt ceiling . Fed's Beige Book report , released yesterday , also showed that the level of employment or noted moderate growth or remained unchanged in the country . " In addition, the growth of the yen to help out tomorrow publication of the report on employment in the non-agricultural sector of the economy.