ECB Meeting and Press Conference

ECB Meeting and Press Conference

ECB will announce its minimum bid rate decision at 02:45 p.m. MT time. Last time bank’s policymakers left the benchmark unchanged and promised to continue buying bonds at least till the end of this year. Any signs of tapering in bond purchases (QE) will be favorable for the euro. The rate decision will be followed by the ECB press conference at 02:45 p.m. MT time, at which reporters are allowed to bombard the bank’s president Mario Draghi with provocative questions. During the conference, the market usually experiences significant moves in the pairs containing EUR. As a result, this event is a good trading opportunity for the euro watchers.

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