ECB Interest rate decision, buckle up!
Can we see more stimulans from the ECB today? As I see it, it’s more likely to see an aditional stimulans from Draghi, then not. He promised for several times to do whatever it takes to keep the economy in good shape, with the likelihood of more stimulus to be announced. Let’s face it, the economy is far away from good shape and today he have a chance to keep true to his words. He could fail to act and keep promising as well, but that’s not the solution for his problems in a long term period. In that case, the possible positive reaction in favor of the euro will not help them in inflation recovery. Anyhow, this will be a very interesting day. Buckle up and don’t jump into the market when the firework starts. It’s better not to trade if you don’t know how the market will react on the important news like this one. For those who knows that, happy pips hunting.
12:45 h (GMT) – ECB Interest rate decision!!! 》 Previous 0,05%. Expectation 0,05%. > Update: 0,00%!!!
12:45 h (GMT) – ECB deposit rate decision!!! 》Previous -0,03%. Expectation -0,04%. > Update -0,04%!!!
News! ECB cuts all interest rates, increases QE to 80 billion and announces 4 new TLRTO’s.
13:30 h (GMT) – ECB Monetary policy statement and press conference!!! Coming up!
Press conference following the meeting of the Governing Council of the European Central Bank, March 10.2016. in Frankfurt am Main, Germany , starting at 13:30 h (GMT) >> LIVE webcast
- Introductory statement by Mario Draghi, President of the ECB.
- Question and answer session. Registered journalists pose questions to Mario Draghi, President of the ECB, and to Vítor Constâncio, Vice-President of the ECB.