EURUSD for 01/23/2020. The ECB left rates unchanged but announced the beginning of a policy review

By | January 23, 2020
EURUSD for 01/23/2020

Relevance up to 05:00 2020-01-24 UTC–8


The ECB left the base rate at 0%; the deposit rate for banks – minus 0.5%.

The ECB left the purchase of assets from the market at 20 billion euros a month.

However, the ECB has announced that it is beginning to review its monetary policy strategy.

The ECB is going to leave rates unchanged until inflation hits the ECB’s target, slightly below 2%.

Before the revision of rates, the ECB will stop the repurchase of assets.

EURUSD: We buy from 1.1120.

We sell from 1.1070.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Sam Alan,
Analytical expert
InstaForex Group © 2007-2020

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