European Central Bank published its scheduled Monetary policy decisions today, leaving the main refinancing operations interest rate at 4.00%.
EUR/USD jumped back almost 1% after being generally bearish this week. Accelerating inflation, which reached its yearly highs last month, makes ECB to act the opposite to other central banks way. While others are concerned with a financial crisis and are ready to sacrifice some
ECB also lowered their expectations for the economical growth in 2008 (from 2.3% to 2%) and increased the forecast for inflation in Eurozone (from 2% to 2.5%). With Trichet being
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