Decision on the ECB rate! TODAY!
Dear traders,
According to the forecasts of most analysts, the European Central Bank, as a result of its meeting, will keep the interest rate unchanged when announcing its decision on monetary policy at 14:45 today. ECB President Mario Draghi will hold a press conference 45 minutes after the announcement of the European Central Bank’s decision.
The investors will be focused on the keynote statements of the ECB on the state of the European economy and its readiness to end at the end of September a financial incentive program of € 2.5 trillion. Some of the regulator officials recently suggested the option of rolling out a bond redemption program.
This month the euro and the yield of German government bonds rose sharply after the protocol of the December meeting of the ECB showed that in early 2018 the European Central Bank is going to change the wording of its statement. In particular, investors are most interested in the tone of the phrases about the intention to continue the program of buying back bonds worth € 2.5 trillion.
However, last week three informed sources immediately announced that any changes to the ECB statement would most likely be made after its next meeting. It is much more likely that this will happen according to the results of the March ECB meeting, when officials of the European Central Bank will receive updated data on the growth of the European economy, which are a more reliable basis for changing the monetary policy.
In October 2017, the ECB reduced the volume of the monthly repurchase of bonds from € 60 billion to € 30 billion, but extended the financial incentive program until the end of September 2018 due to weak inflation.
The leading expert of Ester Andrew Green writes:
“Those traders and analysts who already have experience of analyzing such performances know that all this is a very beautiful performance in which the text of the speech itself is by no means the main thing. And one of the greatest actors of the modern financial “theater”, of course, is Mario Draghi. Therefore, I recommend that everyone not only wait for comments on the results of the conference, but try to watch it live.) (Thursday 25/01/2018 13:30 UTC) .
The real intrigue around the meeting is more than enough … “
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Be attentive and successful!
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