The European Central Bank is scheduled to announce its monetary policy decision on Thursday, 27 September 2018. This will be the first ECB meeting since the summer break and traders will be closely watching for any changes in the central bank’s monetary policy stance. The ECB is widely expected to leave interest rates unchanged at this meeting. However, the central bank is likely to provide more details on its plans to end its quantitative easing (QE) program by the end of this year. In addition, ECB President Mario Draghi is likely to be questioned on the central bank’s plans for interest rates after the end of QE.
Overall, the ECB meeting is unlikely to be a major market-moving event. However, it will be closely watched by traders for any clues on the central bank’s future plans.
ECB Meeting: What Happened?
The European Central Bank held its second monetary policy meeting of 2019 on Thursday, March 7. The ECB kept interest rates unchanged and confirmed that its quantitative easing program will continue through the end of the year. However, the ECB made some changes to its forward guidance, saying that it now expects rates to remain at their present levels “at least through the end of 2019.” The ECB’s decision to leave rates unchanged was widely expected. Inflation in the eurozone remains well below the ECB’s target of close to, but below, 2%. And while economic growth has been solid, it has begun to slow in recent months.
The ecb meeting also confirmed that it will continue its QE program through the end of the year. The program, which was originally scheduled to end in September, will now continue until December 31. The ECB will continue to purchase 30 billion euros of government bonds each month. The ECB made some changes to its forward guidance. The ECB now says that rates will remain at their present levels “at least through the end of 2019.” The previous guidance had said rates would remain at their present levels “through the summer of 2019.”
The ECB’s decision to change its forward guidance was likely influenced by the recent slowdown in economic growth. The ECB is concerned that the slowdown could lead to a sustained decline in inflation. By indicating that rates will remain at their present levels for an extended period of time, the ECB is hoping to provide some support to the economy. The ECB’s decision to keep rates unchanged and to extend its QE program was widely expected. However, the change to the forward guidance was a bit of a surprise. The ECB is clearly concerned about the recent slowdown in economic growth and is taking steps to try to support the economy.
What It Means for the Markets?
The European Central Bank is the central bank of the European Union. The ECB is responsible for the monetary policy of the eurozone, which consists of 19 EU member states that have adopted the euro as their common currency. The ECB is headquartered in Frankfurt, Germany, and is governed by a Governing Council of 19 members, consisting of the ECB President, the Vice-President, and the heads of the national central banks of the eurozone member states. The ECB Meeting is a key event for traders in the Forex market. The Meeting is held every 6 weeks and is attended by the ECB President, the Vice-President, and the heads of the national central banks of the eurozone member states. The Meeting is held to discuss the monetary policy of the eurozone and to set interest rates.
The ECB Meeting is important for traders because it can provide clues about the future direction of the eurozone’s monetary policy. For example, if the ECB decides to raise interest rates, it is likely that the euro will appreciate against other currencies. Conversely, if the ECB decides to lower interest rates, it is likely that the euro will depreciate against other currencies. The ECB meeting dates are also important because the ECB often announces changes to its monetary policy at these meetings. For example, the ECB might announce a change in interest rates or the launch of a new asset purchase program.
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The ECB Meeting is also important for traders because it can provide clues about the future direction of the eurozone’s economy. For example, if the ECB expresses concerns about the eurozone’s economy, it is likely that the euro will depreciate against other currencies. Conversely, if the ECB expresses optimism about the eurozone’s economy, it is likely that the euro will appreciate against other currencies. Visit more: webtoon xyz
