Forex news, Euro rate. European Central Bank has kept its key interest rate at the current point of 1 percent, which is the lowest point for the whole history of Eurozone.
The decision of European Central Bank has not been different from analytics’ expectations, who were predicting for the rate to fall twice (in November and December), and this time the Central Bank takes similar actions.
It was decided during the October summit of Eurozone that Greek debt would be cut by 100 bln. Euro from existing 350 bln., as a result of agreement of bondholders of Greece to suffer a 50-percent loss.
So, what will be the nearest Euro rate? As explained by , current situation at forex market is the following: three-part rising wave is over, the third wave has faced resistance of the medium one, and correctional trends are most likely to happen at the market:
