ECB leave rates on hold as widely expected 9 March

  • main refinance rate 0.0% as prev
  • marginal lending facility 0.25% as prev
  • deposit facility rate -0.4% as prev
  • QE asset purchase target EUR 80bln
  • asset purchases will be 60bln from Apr- Dec

Now we wait on the all important presser at 13.30 GMT and see if the Draghster can spring any surprises.

EURUSD 1.0553 EURGBP 0.8676 EURJPY 120.95 steady but a tad softer after the news.