European Central Bank President Mario Draghi announced on Thursday, December 3, additional decrease in rates on deposits from -0.2 percent to -0.3%.
In addition, the ECB extend the QE programme by six months until March 2017. In the framework of this programme, the Central Bank buys every month bonds worth 60 billion euros.
The markets reacted to the ECB’s decision the sharp rise of the Euro against other currencies. The Euro against the shekel rose by 2.6% to 4,207 shekel per Euro.