Mario Draghi, President of the ECB, is scheduled to deliver his remarks on the bank’s monetary policy decision in a press conference at 13:30 GMT.
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ECB leaves benchmark interest rate unchanged, as expected.
At its first meeting of 2019, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.40%, respectively.
EUR/USD depressed around 1.1350 on steady ECB.
The single currency keeps the offered tone so far today, with EUR/USD navigating the mid-1.1300s in the wake of the ECB decision on rates.
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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