Christine Lagarde, President of the European Central Bank (ECB), is scheduled to deliver her remarks on the monetary policy outlook in a press conference at 13:30 GMT. The ECB on Thursday is expected to keep interest rates on the main refinancing operations, the marginal lending facility, and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively.
Related articles
ECB: We no longer expect any further ECB rate cuts – Wells Fargo.
According to analysts at Wells Fargo, the European Central Bank (ECB) will likely hold interest rates steady unless the economic data worsen materially.
EUR/USD comes under pressure near 1.1080 ahead of ECB.
The shared currency remains under pressure so far this week, with EUR/USD at least managing to rebound from weekly/yearly lows at 1.1070 recorded on Wednesday.
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.
Share
