EUR Pulls Back After the ECB Holds Rates and Considers to Review Policy

Dec. 12, 2019 (Allthingsforex.com) – As expected, in its last meeting for the year the ECB announced that rates will remain unchanged, while the ECB President Christine Lagarde committed to review existing monetary policies and strategies.

Policy makers kept their projections for inflation and economic growth in the Euro-area and reiterated that QE will stay in place at least until inflation starts approaching the 2% level.

The ECB managed to shave the momentum off the EUR rally fueled by the Fed’s meeting yesterday, with the single currency retreating toward $1.11 from a session high around $1.1150.

 


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