BoE kept interest rates unchanged (Bank Rate 0,50%), the value of quantitative easing (QE) also remain the same level (375 billion pounds). We did not see any changes in Forward Guidance, including the same unemployment threshold (7%). The observers eyes turned to the inflation report (publication planned for the next week), which may be used to present a new assumptions of Forward Guidance.

The ECB has maintained rates at the current level (Refi 0,25%, Depo 0,00%). There are ongoing speculation whether Draghi will announce a special easing monetary policy program or one connected with liquidity provision. The conference begins 14:30 (CET). If you want to hear ECB President Mario Draghi then we invite you to watch the live-stream from the conference.

For now EUR/USD is 40 pips below the today’s session opening.

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