Nov 8
ECB preview: The system is liquid enough
The ECB is expected to hold the refinancing rate unchanged at the Governing Council meeting this afternoon. Jean-Claude Trichet is also expected to reiterate that “current rates remain appropriate” and will not signal any rate hikes for the near future. The most interesting is likely to be that we could get insights into how the ECB interprets last week’s 12-month auction and we could get a few more hints about how long the ECB is willing to keep rates at record lows. Governing Council member
