OANDA Senior Market Analyst Craig Erlam looks at how EURUSD responded to the ECB announcement and press conference and what markets took from it.
26-01-2024 09:05 GMT
by Craig Erlam
European Central Bank (ECB) news
The European Central Bank (ECB) is the central bank for the Eurozone, responsible for monetary policy. Its primary objective is to maintain price stability within the 20 member states using the euro. The ECB uses various monetary policy tools to guide the Eurozone economy and support sustainable growth.
The euro is in positive territory on Friday. In the European session, trading at 1.0846 in the European session.
ECB maintains interest rates
To nobody's surprise, the European Central Bank left its benchmark rate unchanged at 4.0% on Thursday.
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