NEW YORK - The European Central Bank today announced its Governing Council held interest rates at current levels at its latest monetary policy meeting this morning.
The minimum bid rate on variable-rate refinancing operations remained 1.00%, the marginal lending rate stayed at 1.75%, and the deposit rate, the floor for euro money market rates, was left at 0.25%.
While the state is most concerned about stopping the fires, credit rating agencies are monitoring the situation.
"What the market's really trying to figure out is what that Warsh regime is going to mean," said Tom Kozlik of HilltopSecurities. "Folks are really trying to position their mindsets, position their portfolios."
The Wall Street banks targeted in the rate-rigging lawsuit wanted the top court to overturn class certification.
The U.S. Department of Transportation is looking for proposals that leverage public private partnerships to solve traffic bottlenecks through the use of tolled express lanes .
"Investors typically start positioning for heavy summer redemptions in summer, so the market typically performs well enough through the first half of June and we do not believe that this year will be any different," Barclays strategists said.
The state's expectation of a deficit in the coming biennium budget was cited in the outlook revision.
