ECB stays on hold in July, as expected

FXStreet (Córdoba) - The European Central Bank held its monetary policy steady in July, keeping the main refi rate unchanged at 0.15% after cutting it by 10 bps in June.

The ECB Governing Council said that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility would remain unchanged at 0.15%, 0.40% and - 0.10% respectively.

Attention now turns to Mario Draghi's press conference at 12:30 GMT during when he will comment on the decision.