ECB Rate Held – But a Cut in Summer more Likely.

The ECB kept it’s interest rate at 0.75% today –  but the president hinted that there could be a rate cut in coming months.

President Draghi said  “In the coming weeks, we will monitor very closely all the incoming information on economic and monetary developments, and assess the impact on the outlook for price stability,”

“Weak economic activity has extended into the early part of the year and a gradual recovery is projected for the second half of the year subject to downside risks,” Draghi said.

Information on Euro Exchange Rates here