Mario Draghi, President of the ECB, is scheduled to deliver his remarks on the bank’s monetary policy decision in a press conference at 12:30 GMT.
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When is the ECB interest rate decision and how could it affect EUR/USD?
The European Central Bank (ECB) is scheduled to announce its monetary policy decision later today at 1445 GMT and will be followed by the usual post-meeting press conference at 1230 GMT. The central bank is widely expected to stick to its plan for winding down the bond-buying program by the end of this year and leave interest rates unchanged at least until next summer.
ECB to signal risks tilted to the downside – ABN AMRO.
Analysts at ABN AMRO do not expect the ECB to change its forward guidance on monetary policy following today’s Governing Council meeting.
About ECB’s press conference
Following the ECB ´s economic policy decision, the ECB President gives a press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the EUR, whereas his dovish view is considered as negative, or bearish.
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