FOCUS OF THE DAY: Meeting of the European Central Bank Governing Council
Dear traders,
The European Central Bank, is all but certain to keep interest rates at their current record low levels at the conclusion of its monetary policy meeting at 15:45 (Moscow time).
President Mario Draghi will hold a closely-watched press conference 45 minutes after the rate announcement as investors seek further clues on when the central bank plans to start hiking borrowing costs.
After ending its asset-purchase program at its previous meeting in December, markets expected the ECB would follow with a rate rise in the third quarter of 2019.
But a barrage of weak data suggesting growth has slowed prompted traders to push back expectations for a rate hike to the fourth quarter of this year. (Investing.com)
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