ECB Leaves Rates, Stimulus Program Unchanged

The video discusses the European Central Bank's (ECB) current monetary policy, including maintaining the refinancing rate at zero percent, the deposit rate at negative 40 basis points, and the marginal lending facility at 0.25%. The ECB plans to continue its quantitative easing (QE) program until at least March 2017 or beyond if necessary, aiming to align inflation with its goals. Market reactions include a stronger euro and changes in bond yields, particularly in Germany and Spain. Despite expectations, no significant changes were announced by the ECB.

What was the status of the German 10-year bond yield mentioned in the text?

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How did the stock market react on the day of the ECB announcement?

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