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.
Key notes
ECB Meeting Preview: 7 Major Banks expectations from July meet.
Today, we have an all-important ECB meeting and as we get close to the decision timings, here are the expectations as forecasted by the economists and researchers of 7 major banks for the upcoming meet.
ECB: Draghi to probably dodge any questions on timing of next rate move – BNPP
Analysts at BNP Paribas (BNPP) offer a sneak peek at what to expect from today’s European Central Bank (ECB) monetary policy announcement that will be followed by President Draghi’s press conference at 1230 GMT.
About ECB’s press conference
Following the ECB ´s economic policy decision, the ECBPresident 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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