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ECB Holds Eurozone Interest Rate

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In today's press conference. Mario Draghi the president of the European Central Bank announced the rate was held at 1.0 percent. Mr. Draghi addressed the overall positive effects of the LTRO program and he reiterated that its too early to tell if those effects are wearing off.

He was confident in general about Spain and Italy, but did comment that he understand the frustration of the unemployed youth, but condemns the violence.

On an interesting note, ECB President Draghi declined to comment on the potential impact to the Eurozone of France's presidential elections.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Forex

 

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