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Euro fell against the U.S. dollar on a background of ECB President Mario Draghi . Earlier it was reported that the ECB kept its benchmark interest rate at a record low of 0.25%. Deposit rate was also kept at zero.
Head of the European Central Bank Mario Draghi has once again confirmed the promise controller to keep rates at the minimum values in the near future . " The Governing Council strongly emphasizes that he intends to keep stimulating monetary policy as long as it is necessary " - Draghi said in a speech at a press conference in Frankfurt.
According to him , inflation in the eurozone will remain low for at least two years. ECB President believes that it is too early to talk about the victory over the crisis as " the eurozone 's economic recovery is weak, moderate and unstable ." Expansionary policy will lead to a revitalization of domestic demand in the euro zone in 2014-2015 . Believes Draghi .
Earlier, the euro rose against the dollar significantly after the data for the euro area , which showed that economic sentiment in the euro zone rose to more than two-year high in December , which is a sign that the economic recovery is starting to gain momentum after a long decline .
Data published by the European Commission , supported by a growing list of statistics, which indicates improvement in business confidence and spending .
The report showed that the index of sentiment in the economy rose in December to a level of 100 points, compared to 98.4 points in November , while reaching its highest level since July 2011 .
Rise was broad-based and in all sectors . It is noteworthy that the trust between providers of the service sector was in the "plus" for the first time since August 2011 , while industrial companies were the second level of confidence.
Furthermore, it became known that the index of German economic sentiment was one of the most positive in December - at the level of 106.0 points. In Spain , the figure rose to 100.0 , while Italy he rose to 96.2 from November's 93.9 .
Pound traded slightly higher against the dollar on the fact that the Bank of England left unchanged interest rate and bond-buying program to support the UK economy. The Bank of England left its key interest rate unchanged at 0.5% and the size of its bond purchase program untouched for 375 billion pounds .
As usual, when there is no change in policy , Monetary Committee is not making a statement explaining its decision . Minutes of committee meetings will be published on January 22.
Economists expect GDP growth in 2014 is 2.5% , the highest since 2007. But despite this growth , some economists expect the central bank to start raising the UK refuses to borrowing costs in the near future .
Bank of England officials headed by Mark Carney pledged to keep its benchmark interest rate at a record low level in order to support the growing recovery in Britain as long as inflation remains subdued .
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