How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
Will the last ECB meeting with Mario Draghi be crucial for the EUR?
The European Central Bank will release its monetary policy statement and announce an official rate at 14:45 MT on October 24. After that, the ECB President Mario Draghi will hold a press conference at 15:30 MT time.
We don’t expect any changes to the interest rate this time. However, we will be looking for more hints on future monetary policy decisions in the bank’s statement. As we are awaiting a new round of quantitative easing implemented in November, the bank may provide more details on this program. It is also worth to mention, that Thursday’s meeting is going to be the last one hosted by Mario Draghi. As a result, analysts suggest that the meeting will be about giving him a good send-off.
• If the ECB is hawkish, the euro will rise;
• If the ECB is dovish, the euro will fall.
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The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.