MOSCOW, December 3. The Euro on the Moscow exchange during the auction to 73 rubles to the comments of the ECB President.
Later, the dollar rose to 68,04 rubles, having increased to this level for the first time since September 14.
The accelerated growth rate of the Euro is associated with a similar dynamics of the single European currency on the Forex market. So, EUR / USD jumped 0.35% to 1,065 USD per Euro. The Euro is rising on the ECB decision to lower its Deposit rate to minus 0.3% from the previous minus 0.2%. And the basic interest rate was expected saved at 0.05% per annum.
The day before, on 2 December, the Euro against the ruble rose by 12 cents to 71 rubles, having increased to this level for the first time since November 16.
What is the growth rate
The accelerated growth rate of the Euro is associated with a similar dynamics of the single European currency on the Forex market. So, the Euro against the dollar during trading on the OTC Forex market was up 2.4% to 1,087 USD per Euro.
The Euro’s gains accelerated during the press conference following the ECB meeting, where ECB President Mario Draghi announced that the ECB decided to extend the stimulus program at least till March 2017 Previously the asset purchase program was expected to hold until September 2016.
According to him, the ECB will reinvest the interest income received from the asset purchase program. The list of assets subject to repurchase, will be expanded. In the number of the redeemed bonds will include securities of regions and municipal bonds.
Draghi once again stated that the asset purchase program has sufficient flexibility and can be adjusted if necessary.
Pessimistic forecasts for economic growth in the Eurozone and inflation has forced the ECB on 9 March to launch a program of quantitative easing. The volume of asset purchase program of 60 billion euros per month.
© Sergey Konkov/TASS archive
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