FXstreet.com (Barcelona) - The European Central Bank Monetary Policy Committee has decided to leave its Refi Rate unchanged at 1.0% after its monetary policy meeting.

The European Central Bank, as usual did not give any further explanation, so all the eyes are set on the press conference Mr. Trichet will hold later at 13:30 GMT for hints about the bank's assessment about quantitative easing measures.

EUR/USD has not been affected by the ECB monetary policy decision, at least immediately, and EUR/USD has remained trading around its previous gains above to 1.4875.