ECB: economy remains broadly stable - BTMU

Analysts at Bank of Tokyo Mitsubishi explained that the ECB announced an unchanged monetary stance at its meeting in line with market expectations.

Key Quotes:

"The press conference also did not reveal any major surprises but there certainly was a sense that the ECB believes strongly that the monetary policy measures taken to date are slowly beginning to support economic activity.

Much of the growth momentum globally of late has been negative and in the face of global headwinds, the euro-zone economy remains broadly stable."

That degree of macro stability has transferred itself to the euro as well."