The ECBgoverning council at its meeting today decided that the interest rate on the main refinancing operations, the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00 per cent, 0.25 per cent and (-) 0.40 per cent respectively.
He noted that the European Central Bank expect GDP growth to remain solid and broad-based, even with the moderation in activity indicators seen so far this year and suggested this may partly be due to a pull back from high levels as well as temporary factors.
"The interesting thing is that we didn't discuss monetary policy per se", he said.
Early hints a slowdown could be coming for the single currency's 19-member nations after a year of unexpectedly muscular growth also stayed policymakers' hands.
ECB President Mario Draghi referred to the recent moderation in growth but expressed confidence that the recovery remains solid.
European Central Bankchief Mario Draghi is expected to play down worries over recent softness in the euro zone economy, even as he keeps option to end lavish bond purchases by the close of the year.
There is caution as well as confidence on inflation, he also said. It is up around 1.5 percent against the USA dollar so far this year and was trading at $1.2155 shortly after 1 p.m. London time.
"The economy has shifted down a gear at the start of this year", Commerzbank analyst Christoph Weil commented, but "there is no need to fear a massive plunge in economic growth". But with the risk of a global trade war still looming, it may not make a decision until absolutely necessary. Weather, strikes, the timing of Easter and more factors are behind this moderation.
With Thursday's decision, the ECB's rate on bank overnight deposits, which is now its primary interest rate tool, remains at -0.40 percent.
A key worry is that protectionist rhetoric from the U.S. could push down the value of the dollar, an economic anomaly as the Federal Reserve is likely to raise interest rates several times this year, a natural support for the USA currency.
"What is certainly known is that the events have a profound and rapid effect on confidence, and confidence can in turn affect the growth outlook", he said.
Euro zone inflation is so weak that even after the creation of 9 million jobs since early 2013, measures of underlying price growth that strip out energy and food are barely rising.
The strength of the Euro was not a pressing matter for policy-setters either, and Draghi dismissed the impact of protectionism as so far not material enough to cause concern.
This confident message sent the EUR/USD to the highs of the day below $1.2200, but markets remain cautious.
Asked if May had full confidence in Home Secretary Rudd after Windrush, the prime minister's spokesman told reporters: "Yes". British journalists have been lining up on social media to question Rudd's position, while others appeared to mock her.
The question for analysts will be whether the declines are truly Facebook's own design or a reflection of user preference. The bump in figures also testified to the resiliency of the company's targeted ad-based business model.
Dorough wrote and directed episodes of Schoolhouse Rock! from 1972 to 1996, and for direct-to-video releases in 2002 and 2009. This led to a record deal, with his first album, Devil May Care , coming out in 1956.
During the industry event, Mulvaney had also said that "We are going to do what the law says, but not what the law doesn't say". Mulvaney also runs the White House budget office, and has been longtime critic of the Obama-era consumer bureau.
Ford CFO Bob Shanks announced the improved guidance as the company reported a nine per cent increase in first-quarter net income. Shanks wouldn't say whether Ford would need to eliminate jobs to achieve the additional $11.5 billion in cost cuts.
According to sources , Yeddyurappa's son Vijayendra's candidacy from Varuna constituency was opposed by many within his own party. BJP has chose to make Badami tough for Siddaramaiah and, in a last minute move, the party announced Sriramulu as its candidate.
In North America, Ford's biggest market, the automaker's pretax profits were down $200 million to $1.9 billion. The company now anticipates reaching an 8 percent profit margin by 2020, two years ahead of schedule.
If the Pacers stave off elimination on Friday, the victor take all Game 7 will take place Sunday afternoon in Cleveland . In James' 41 closeout games, James is averaging 27.7 points, 8.9 boards, 6.8 assists and is shooting.463 from the field.
Three witnesses have been killed and several others attacked and threatened for speaking against the 77-year-old godman. Asaram, who has a long flowing white beard and dresses in white robes, has 400 ashrams that teach meditation and yoga.
Shares of Comcast went up by almost 3% on Wednesday already reaching a high of $34.78 after closing on Tuesday at $33.35. Comcast also said it will give legally-binding commitments to maintain editorial independence at Sky News.
Google said with confidential mode , it's possible to create expiration dates on messages and revoke previously sent messages. Therefore this ensures that if the recipient's account were ever to be hacked, this email would no longer be accessible.
DeMarcus Cousins Unlikely To Get Max Contract In Free Agency
They didn't let that stop them, winning close games in Portland and then cruising to blowouts in New Orleans to sweep the Blazers. The last time they were in the second round of the playoffs was when they were still called the Hornets in the 2007-08 season.
'Probably really bad': Reds' massive injury blow in Roma win
I am very positive person and hope it only feels bad. "It can not be a little bit less, because we really need the crowd". It's doubtful the 24-year-old will be able to return if the Reds reach the Champions League final on May 26 in Kiev.
Federal Court Judges Rules DACA Must Stay, For Now
The ruling came a day before the Supreme Court is slated to hear oral arguments in another major immigration case involving Mr. Federal judges in San Francisco and NY previously blocked the Trump administration from ending the program for now.
Heynckes: Lewandowski as risky as Ronaldo
Goals Robert Lewandowski has scored against Real in the Champions League , the most by any player against the defending champions. He also has doubts over David Alaba and Corentin Tolisso, who have had injuries of late.
Marcus Smart gets ovation in return to Celtics
And then Rozier and Bledsoe re-opened their beef, with the latter leaning into the former with a shoulder away from the ball. After the game, Prunty was asked if he got an explanation for the missed call, and replied, "not a good enough one".
Kipchoge wins London Marathon, Farah is third
Her training partner Laurelly Dale was second, in 3:19:24, and Yvonne Mery third in 3:29:54. "I can say we enjoyed the race". The 38-year-old pipped Switzerland's Marcel Hug into second place, with Daniel Romanchuk of the United States third.