About European Central Bank (ECB)
Bank Rate: 0.00%
Currency : Euro
President : Christine Lagarde
Headquarters: Frankfurt , Germany
What is ECB?
ECB is the Central Bank for the EURO and it administers Monetary Policy of the Euro Zone. ECB press conference is held 8 times a year about 45 minutes after the Interest Rate 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 market volatility.
What are the tasks and objections of 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 ECB statement important and why do we (traders) care?
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. Below is European Central Bank’s 2022 dates. Thank you for stopping by, do save these dates so you can watch out for Euro pairs. If you wish to learn how to trade Interest Rates and understand that impact that monetary policy statement has on currencies, WhatsApp +27 78 144 6851 for private lessons, mentorship and coaching.
Recent Comments