ECB LEAVES BENCHMARK INTEREST RATE UNCHANGED AT 0.75% [NotSoBreaking]

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User Info	ECB LEAVES BENCHMARK INTEREST RATE UNCHANGED AT 0.75% in forum [NotSoBreaking]
Bearshort Posts: 4477 Incept: 2007-09-13 NYC	ECB LEAVES BENCHMARK INTEREST RATE UNCHANGED AT 0.75% ECB KEEPS DEPOSIT RATE AT ZERO, MARGINAL RATE AT 1.5% Press conference is what matters. ---------- "How long to the point of know return?" Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson. Last modified: 2012-08-02 07:47:38 by bearshort 2012-08-02 07:47:02 Permalink
Argos Posts: 6313 Incept: 2008-03-23 The Green Mountain State	ECB Release: http://www.ecb.int/press/pr/date/2012/ht.... Quote: 2 August 2012 - Monetary policy decisions At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.75%, 1.50% and 0.00% respectively. The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today. 2012-08-02 07:48:59 Permalink
Jubber Posts: 14009 Incept: 2007-07-05 UK Online	Ramp coming off a little...waiting for statement, I suggest he better come out with something substantial or we die here... ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-08-02 07:50:49 Permalink
Drench Posts: 28631 Incept: 2009-11-10	Quote: Market attention now turns to the monthly press conference at at 1:30 p.m. London time (8:30 a.m. ET), where ECB President Mario Draghi may announce further policy measures aimed at easing the pressure on crisis-stricken euro-zone states. WSJ live blog http://blogs.wsj.com/eurocrisis/2012/08/.... 2012-08-02 08:01:15 Permalink
Drench Posts: 28631 Incept: 2009-11-10	Live video http://www.ecb.int/press/tvservices/webc.... 2012-08-02 08:11:27 Permalink
Jubber Posts: 14009 Incept: 2007-07-05 UK Online	FTSEMIB & Euro going nuts ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-08-02 08:13:07 Permalink
Drench Posts: 28631 Incept: 2009-11-10	"Risk premia that are related to fears of the reversibility of the euro are unacceptable." "The euro is irreversible." 2012-08-02 08:34:12 Permalink
Drench Posts: 28631 Incept: 2009-11-10	ECB... may undertake outright market operations... furthermore... may consider undertaking further nonstandard monetary policy measures according to what is required... 2012-08-02 08:36:12 Permalink
Drench Posts: 28631 Incept: 2009-11-10	"We expect the euro area economy to recover only very gradually" 2012-08-02 08:37:08 Permalink
Bearshort Posts: 4477 Incept: 2007-09-13 NYC	Draghi Says ECB May Undertake Outright Open Market Operations and I "may" win the lottery. ---------- "How long to the point of know return?" Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson. Last modified: 2012-08-02 08:40:39 by bearshort 2012-08-02 08:39:44 Permalink
Early_retirement Posts: 3609 Incept: 2007-06-26 Burlington, Vermont	He said something wrong ---------- "You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else." 2012-08-02 08:40:09 From PDA Permalink
Drench Posts: 28631 Incept: 2009-11-10	More reliable live video http://www.cnbc.com/id/24596546 2012-08-02 08:40:01 Permalink
Jubber Posts: 14009 Incept: 2007-07-05 UK Online	he;s managed to wipe out a 12 point ramp in the S&P in five minutes ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-08-02 08:40:40 Permalink
Early_retirement Posts: 3609 Incept: 2007-06-26 Burlington, Vermont	Market doesn't like all these maybe, mights, and coulds ---------- "You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else." 2012-08-02 08:45:25 From PDA Permalink
Drench Posts: 28631 Incept: 2009-11-10	"On the question of negative deposit rates, since many of you may be asking this question, let me just say that for us these are very uncharted waters." 2012-08-02 08:46:00 Permalink
Krs Posts: 686 Incept: 2009-05-07 Colleyville, Texas	Looks like Spain has had an almost 300 point change in the IBEX, market puking all over the we have a plan to create a plan BS, market must punish this guy and send him packing, complete maroon as noted in previous posts. ---------- Fog, smoke, and mirrors... perhaps those tin-foil-hat wearing digital dickweeds were on to something? Tyler Durden on the Fed – Feb 28, 2013 2012-08-02 08:48:15 Permalink
Drench Posts: 28631 Incept: 2009-11-10	"...so many of the details will be worked out by the relevant committees in the ECB." 2012-08-02 08:48:59 Permalink
Drench Posts: 28631 Incept: 2009-11-10	"The guidance that we have given these committees of the ECB is different than those we have given previously." "There's full transparency on the countries in which this will be undertaken and the amounts." "This effort is going to be forcused on the short-term part of the yield curve." This does not exclude something on the long part, "but the effort as such will be focused on the short part." 2012-08-02 08:51:28 Permalink
Drench Posts: 28631 Incept: 2009-11-10	"...committee and the market committee and the risk committee" will get together and decide on the details. 2012-08-02 08:52:20 Permalink
Bearshort Posts: 4477 Incept: 2007-09-13 NYC	DRAGHI SAYS ECB WILL FOCUS ON SHORTER PART OF YIELD CURVE The **ing *** LIESMAN is trying so hard to put lipstick on the PIIG Draghi....he can't spew out bull fast enough!! ---------- "How long to the point of know return?" Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson.** Last modified: 2012-08-02 08:58:23 by bearshort 2012-08-02 08:52:59 Permalink
Drench Posts: 28631 Incept: 2009-11-10	"The current design of the ESM does not allow (it) to be considered a suitable counterparty." 2012-08-02 08:53:06 Permalink
Jubber Posts: 14009 Incept: 2007-07-05 UK Online	looks like he may succeed in crashing the market single handedly here ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-08-02 08:55:44 Permalink
Drench Posts: 28631 Incept: 2009-11-10	"You shouldn't assume that we will not sterilize or will sterilize... the relevant committees will have to work and tell us what is right and what is not right..." 2012-08-02 08:56:31 Permalink
Drench Posts: 28631 Incept: 2009-11-10	"We will be acting within our mandate to maintain price stability over the medium term." 2012-08-02 08:57:04 Permalink
Jubber Posts: 14009 Incept: 2007-07-05 UK Online	FTSEMIB now off over 700 points IBEX down 500!!! ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-08-02 08:57:32 Permalink

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