Breaking: ECB leaves key rates unchanged, EUR/USD unfazed near 1.1600

Market news

28 October 2021

Breaking: ECB leaves key rates unchanged, EUR/USD unfazed near 1.1600

The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as was widely expected.

Follow our live coverage of the ECB's policy announcements and the market reaction.

Market reaction

The initial market reaction, so far, has been muted and the EUR/USD pair was last seen trading with a neutral bias around the 1.1600 mark. Investors waited to hear the central bank's view on the inflation outlook and hence, the focus will be on ECB President Christine Lagarde's remarks at the post-meeting press conference.

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