The ECB left interest rates unchanged at

ECB
kept its interest rates on hold
changes. Thus, the focus
the market's attention remains today
A press conference Mario Dragi, during
which will look for market participants
hints of monetary expansion
stimulation.

Council
Governors left the basic rate
refinancing to record low
the level of 0.05%, as markets had expected. Rate
deposit and the marginal rate for the
loans remained at minus 0.2%
0.3%.

ECB
It is struggling with a complex scenario of mixed
internal economic signals
uncertain global prospects
and a divergence of opinion about what to do
to deal with weak inflation.

experts
say, "Draghi has to convince the markets,
that the ECB could do a lot more in
the case of deterioration of the situation: to reduce
rate, increase the pace of bond buying,
to buy back loans on an industrial scale
- anything, even if many in
The Council believes that to strengthen QE
premature. "

Till
the impact of QE on inflation
Eurozone is almost negligible. AT
September in the euro area for the first time since March,
recorded negative inflation,
although Draghi makes a good face on
a bad game and says that the effect of cheap
oil - this is just a "temporary"
impact on consumer prices.

Now
about 86% economists polled
Bloomberg, believe that
expansion of QE will
in March.

The next
meeting of the ECB's monetary policy
held on 3 December.

TO
15.14 MSK EURUSD is on
around 1.1314.