- Wednesday, 19 July 2017
- News
Euro stable ahead of ECB
There were no data releases from Eurozone today, with traders being focused on tomorrow’s ECB Meeting. While the central bank will likely wait until September to announce how the program will be extended, it may use this month’s press conference – being the last before September – to lay the groundwork for such an announcement.
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- Tuesday, 27 June 2017
- News
Euro higher on hawkish Draghi comments
The euro surged to its highest in two weeks after Mario Draghi, speaking at the ECB forum in Sintra, Portugal, surprised markets who expected yet another dovish speech from the central banker, who instead signaled that stimulus tapering may be closer than the market anticipated and said factors weighing on inflation in the euro zone were "mainly temporary" and the central bank could look through them.
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- Thursday, 08 June 2017
- News
ECB left interest rates unchanged
At today’s meeting, which was held in Tallinn, the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases.
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- Monday, 29 May 2017
- News
Draghi says stimulus still needed
Euro zone growth may be improving but inflation remains subdued and still requires substantial stimulus, European Central Bank President Mario Draghi said on Monday, tempering expectations for the bank's June 8 policy meeting. With euro zone growth on its best run since the bloc's crisis a decade ago, pressure from more conservative countries has been mounting on Draghi to start planning an exit from its policy of aggressive bond purchases and sub-zero rates, setting up June as a potentially key meeting.
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