According to the latest Reuters poll, the European Central Bank (ECB) is not expected to follow the Federal Reserve in cutting interest rates to soften the economic threat from the coronavirus outbreak. Given that the ECB deposit rate is already at -0.50%, the results underscored the central bank’s limited policy options. The survey also concluded the ECB will keep the deposit rate on hold until at least the end of 2022, even though the median chances of a eurozone recession have doubled in the last month. The poll results contrast with market expectations of a roughly 90% chance of a deposit rate cut at the March meeting. This might further fuel the recent bullish witnessed in the EUR/USD pair, which was last seen holding steady near YTD tops, just below mid-1.1200s. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD path of least resistance remains up, 1.1287 in sight – Confluence Detector FX Street 3 years According to the latest Reuters poll, the European Central Bank (ECB) is not expected to follow the Federal Reserve in cutting interest rates to soften the economic threat from the coronavirus outbreak. Given that the ECB deposit rate is already at -0.50%, the results underscored the central bank's limited policy options. The survey also concluded the ECB will keep the deposit rate on hold until at least the end of 2022, even though the median chances of a eurozone recession have doubled in the last month. The poll results contrast with market expectations of a roughly 90% chance of a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
