A meeting of the European Central Bank Governing Board can bring a profit!
Dear traders,
Today marks the end of an era for the European Central Bank, which is set to formally announce the end of its three-year long, €2.6 trillion easing program, a key move in dismantling crisis-era stimulus.
An announcement is due at 15:45 Moscow time with a press conference by the ECB President Mario Draghi scheduled for 45 minutes after the policy decision.
The ECB will release updated growth forecasts and investors expect it to again lower its GDP projection after an exceptionally weak third quarter, as the region’s economy struggles to cope with global trade conflicts, Italian politics and messy Brexit negotiations.(Investing.com)
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