The ECB Interest Rate Decision: insights for the euro

The ECB Interest Rate Decision: insights for the euro

What will happen?

The European Central Bank is holding a meeting on April 22 at 14:45 MT time. As usual, we will learn about the European economic outlook and monetary policy conducted by the bank. The statement will be followed by the press conference with ECB President Christine Lagarde. The recent news from the ECB was quite optimistic. According to one of the ECB members, French Governor Villeroy, the regulator will likely end the pandemic emergency purchase program within a year. It does not mean an immediate tightening of the European monetary policy, but it means that the massive crisis stimulus could be replaced by softer accommodative tools.

How to trade on the ECB Interest Rate Decision?

During the meeting, we recommend you follow the comments on the PEPPs destiny and the QA session with Christine Lagarde. The euro will get volatile during the event.

  • If the ECB is optimistic, the euro will strengthen;
  • If the ECB is cautious, the euro will weaken.

Instruments to trade: EUR/USD, EUR/GBP, EUR/JPY

The ECB Interest Rate Decision: insights for the euro

EUR/USD chart

EUR/GBP chart

EUR/JPY chart

Thank you for rating.
REPLY A COMMENT Cancel Reply
Please enter your name!
Please enter a correct email address!
Please enter your comment!
The g-recaptcha field is required!

Leave A Comment

Please enter your name!
Please enter a correct email address!
Please enter your comment!
The g-recaptcha field is required!