Cutting the deposit rate to zero was a symmetrical decision, the Finnish central banker said in a Bloomberg interview, not a specific effort to revive bank lending. Both the refi rate and the deposit rate were cut 25 bp, with the refi rate to a record low of 0.75% and the deposit rate to zero.
EUR/USD is consolidating losses not to far above the lows for this trend at 1.2288, low changing hands at 1.3334.