PAt 6pm (Lisbon time), the euro was still at 1.0776 dollars, when on Thursday, at the same time, it was trading at 1.0777 dollars.
The euro also gave way against the pound, but recovered against the yen.
The ECB set the euro’s reference exchange rate at $1.0779.
In today’s session, the euro fluctuated between 1.0789 and 1.0762 dollars.
Maintaining eurozone interest rates at 4.5% was decided “by broad consensus” by the ECB, although “some members felt confident enough” to lower them, due to the risk of a greater than desired effect on the economy. .
At the monetary policy meeting on April 10 and 11, the board of the European Central Bank (ECB) decided to maintain, for the fifth consecutive time, interest rates at 4.5%, the credit facility – which lends to banks during the night – at 4.75% and the deposit facility – which remunerates excess reservations overnight – at 4%.
A decision that, according to the minutes of the meeting published today by the organization, was taken “by broad consensus”, after “a large majority of members” agreed with the proposal made by the ECB’s chief economist, Philip R. Lane.
However, some members were “sufficiently convinced” that inflation, underlying inflation and monetary policy transmission “justified a reduction in policy rates” at the meeting.
Currency…………..today…………..Thursday
Euro/dollar…………1.0776……………..1.0777
Euro/pound………..0.85972………….0.86100
Euro/yen………….167.92……………..167.67
Dollar/yen…………155.83……………..155.57
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