European markets hold steady after ECB rate cut Reuters

LONDON (Reuters) – Euro zone government bond yields, the euro and European shares were steady on Thursday after the European Central Bank cut its key interest rate for the second time in three meetings, in line with expectations.

The euro was last at $1.1019, up less than 0.1%.

The German yield, the eurozone benchmark, was little changed after the decision at 2.124%, up two basis points on the day.

The pan-European benchmark held on to gains and remained up 1.1 percent, while an index of eurozone banks rose 1.8 percent.

Attention was now set to turn to ECB President Christine Lagarde’s post-decision press conference at 1245 GMT.