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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (8554)	7/1/2004 11:56:53 AM
From: mishedlo	of 116555

ECB rates unchanged Thursday, July 1, 2004 12:03:51 PM FRANKFURT (AFX) - The European Central Bank said it left its leading interest rates unchanged at today's governing council meeting Main refinancing operations will continue to be conducted as variable rate tenders with a minimum bid rate of 2.00 pct The deposit rate remains at 1.00 pct and the rate on the marginal lending facility at 3.00 pct The Federal Reserve last night raised US interest rates for the first time in four years, lifting its Fed funds target to 1.25 pct from the 46-year low of 1.00 pct in place over the past year But the slow pace of the euro zone recovery means that the ECB is in no rush to follow other central banks in tightening monetary policy, economists said fxstreet.com

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