{"id":36687,"date":"2013-03-07T08:05:23","date_gmt":"2013-03-07T13:05:23","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=36687"},"modified":"2013-03-07T08:05:23","modified_gmt":"2013-03-07T13:05:23","slug":"ecb-holds-key-interest-rate-steady-as-expected","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/03\/07\/ecb-holds-key-interest-rate-steady-as-expected\/","title":{"rendered":"ECB holds key interest rate steady, as expected"},"content":{"rendered":"<p>By <a href=\"http:\/\/www.centralbanknews.info\/\"><u>www.CentralBankNews.info<\/u><\/a> <span class=\"HeadLineNewsContent1\" style=\"background-color: white;color: #333333;font-family: inherit;font-size: 11pt;line-height: 1.6em;margin: 2px 0px 0px;text-align: -webkit-left\">&nbsp; &nbsp; The European Central Bank (ECB) held its key refinancing rate steady at 0.75 percent, as expected, along with its other main rates, the rate on its marginal lending facility and the deposit rate at 1.50 percent and zero percent, respectively.<\/span><br \/><span class=\"HeadLineNewsContent1\" style=\"background-color: white;color: #333333;font-family: inherit;font-size: 11pt;line-height: 1.6em;margin: 2px 0px 0px;text-align: -webkit-left\">&nbsp; &nbsp;The ECB, which cut is refi rate by 25 basis points last year, said its president would comment on the bank&#8217;s decision at a press conference later today.<\/span><br \/><span style=\"font-family: inherit\"><span class=\"HeadLineNewsContent1\" style=\"background-color: white;color: #333333;font-family: Arial, 'Times New Roman', Helvetica, sans-serif, \ufffds\ufffd\u04e9\ufffd\ufffd\ufffd, \ufffd\u04e9\ufffd\ufffd\ufffd;font-size: 11pt;line-height: 1.6em;margin: 2px 0px 0px;text-align: -webkit-left\">&nbsp; &nbsp; The euro area&#8217;s i<\/span>nflation rate fell to 1.8 percent in February from January&#8217;s 2.0 percent. The ECB targets inflation of below, but close to 2 percent.<\/span><br \/><span style=\"font-family: inherit\"><span style=\"background-color: white;line-height: 16px\">&nbsp;<\/span>&nbsp; &nbsp;The Gross Domestic Product of the 17-nations that make up the euro zone contracted by 0.6 percent in the fourth quarter, the fifth quarterly contraction in a row, for annual shrinkage of 0.9 percent.<\/span><\/p>\n<p>&nbsp; &nbsp;<a href=\"http:\/\/www.centralbanknews.info\/\" target=\"_blank\"> www.CentralBankNews.info<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By www.CentralBankNews.info &nbsp; &nbsp; The European Central Bank (ECB) held its key refinancing rate steady at 0.75 percent, as expected, along with its other main rates, the rate on its marginal lending facility and the deposit rate at 1.50 percent and zero percent, respectively.&nbsp; &nbsp;The ECB, which cut is refi rate by 25 basis points &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/03\/07\/ecb-holds-key-interest-rate-steady-as-expected\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ECB holds key interest rate steady, as expected&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-36687","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/36687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=36687"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/36687\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=36687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=36687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=36687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}