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Will the ECB monetary policy accounts affect the euro?
The ECB monetary policy accounts will be published at 14:30 MT time on November 21.
The monetary policy accounts are published one month after the interest rate announcement. Normally, the information is presented in two parts. The first one contains the latest developments of the Eurozone economy and the possible financial strategies to follow. The second one reflects the discussions that took place in the process of decision making and the reasoning behind the option that was chosen. Hence, we will see in detail why the interest rate was kept steady at 0% on October 24 and what the sentiment of the European monetary future is among the policymakers.
- If the ECB monetary policy accounts reveal a steady rate intention, the euro will rise;
- If the ECB monetary policy accounts reveal openness to further ease, the euro will drop.
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
Have a look at the key financial instruments on Monday, February 28. Geopolitics is currently on all news frontlines. Western nations escalated sanctions on Russia for the invasion of Ukraine.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.