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 12:30 GMT.
Related articles
ECB Interest Rate Decision Preview: The bond buying panacea.
The European Central Bank is widely expected to announce an increase in its stimulus measures designed to counter the economic and financial damage from the pandemic when it meets on Thursday in Frankfurt.
ECB Preview: Lagarde’s lavishness to set the tone for EUR/USD, three scenarios and what to watch.
Only two hours on the autobahn separate the European Central Bank’s headquarters in Frankfurt and the German Constitutional Court in Karlsruhe – but they remain worlds apart. The judges ruled that part of the ECB’s bond-buying scheme is illegal, yet the bank is determined to act and help the eurozone economies.
About ECB’s press conference
Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. Her comments may influence the volatility of EUR and determine a short-term positive or negative trend. Her hawkish view is considered as positive, or bullish for the EUR, whereas her dovish view is considered as negative, or bearish.
Share
