Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
ECB Meeting & Press Conference
|Traders are now extremely alerted to any comments from the European Central Bank as they expect the regulator to announce the scaling back of its 2.3 trillion-euro bond-buying program in September or October. That’s why the ECB meeting on September 7 will draw a lot of attention.|
|The minimum bid rate will be announced at 14:45 MT time and the regulator’s press conference will start at 15:30 MT time. The EUR made big moves the last time President Mario Draghi spoke with the press and there are all reasons to believe that there will be many trading opportunities this time as well.|
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.