About European Central Bank (ECB)
Bank Rate: 4.50%
President : Christine Lagarde
Founder: European Communities
Headquarters: Frankfurt , Germany
ECB’s Christine Madeleine Odette Lagarde is a French politician and lawyer who has served as President of the European Central Bank since 2019. She succeeded Mario Draghi who started acting as a President in November 2011 and previously served as the Governor of the Bank of Italy from 2005 to 2011.
What is European Central Bank ECB?
ECB is the Central Bank for the EURO and it administers Monetary Policy of the Euro Zone. European Central Bank (ECB) press conference is held 8 times a year about 45 minutes after the Interest Rates decision is announced. It is also called the Interest Rate Statement. The conference is about an hour long and has two parts. First part is when the actual statement is read and the second part is opened for questions which then lead to the market volatility.
What are the tasks and objections of the European Central Bank?
The tasks are to maintain Monetary Policy for the Euro, including the banking supervision. Their main objective is to maintain the price stability and to safeguard the value of Euro.
Why is the European Central Bank statement important?
It is the leading indicator that provides the clues about the future Monetary Policy. High Volatility is often expected during the press conference and it has a direct impact on Euro pairs (I know for sure that my mentees and I are always looking forward to this one).
Today at 3:15pm (S.A time) ECB is expected to maintain its Interest Rates at the current rate of 4.50% issue the monetary policy statement followed by the press conference at 3:45pm. The main focus is on their future plans. Trading the Interest Rates is not only about the actual figures, but a lot more about the Central Bank’s next move on their Rates. For more on Central Banks and why they hike, maintain or cut Interest Rates, read THIS POST.
Planning is key and trading fundamentals allow us to plan for our trades. or proper planning. Below is the European Central Bank’s annual schedule. Thank you for stopping by. Please kindly share this post and invite more people to download this app for future updates.
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