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Mario Draghi, President of the European Central Bank (ECB), is scheduled to deliver his remarks on monetary policy outlook in a press conference at 12:30 GMT. The ECB is expected to keep the rates on the main refinancing operations, the marginal lending facility, and  the deposit facility unchanged at 0.00%, 0.25% and  -0.50%, respectively, at its October meeting.

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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.