By Forex Pros – The European Central Bank kept its benchmark interest rate unchanged for the 18th consecutive month in November, it announced on Thursday.
The bank said it was maintaining the benchmark interest rate at 1.00%, in a widely expected move.
ECB president Jean-Claude Trichet was to comment on the decision at a press conference later in the day.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.77% to hit 1.4246.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 soared 1.98%, France’s CAC 40 jumped 1.83%, Germany’s DAX leaped 1.58%, and the FTSE 100 climbed 1.71%.
About the Author
ForexPros.com
Forex Pros offers a diverse set of professional tools for trading in forex, futures and CFDs. These include real-time data streams, technical and fundamental analysis by in-house experts, and a widely used economic calendar.
