European Central Bank Deposit Rate - Economic Calendar - Strategia Forex

Home / Economic Calendar / European Central Bank Deposit Rate

Economic Calendar
EUR/USD
European Central Bank Headquarters

European Central Bank Deposit Rate

ECB Should Keep All Rates on Hold

Starts Thursday, June 4, 2020 at 11:45
Updated Sunday, May 31, 2020
EVENT ENDED
The European Central Bank lowered refinancing rates to 0.0% in 2016. They have kept them unchanged since then and are expected to keep them on hold again this time, while the deposit rates remained negative at -0.40% for a long time. But, we saw a deposit rate cut by 0.10%, after the dovish remarks we have heard from the ECB in the last meetings. The market was pricing in two such cuts in interest rates last year by the ECB, but they only cut once, so we might get another rate cut from the ECB this time, as coronavirus spreads in Europe. But, keep an eye on the statement and the press conference. Please follow us for live coverage in real time of the event and the impact it might have on the currency by experienced analysts. 

<% indicator.indicator_name %>
<% indicator.indicator_value %>
<% ssp.ssp_posted_at |date:"HH:mm" %>
RELATED PAIRS
About European Central Bank Deposit Rate
The Main Refinancing Rate is also called the Minimum Bid Rate or the Repo Rate. This is the interest rate at which the European Central Bank (ECB) refinances the operations that provide the major part of liquidity to the secondary banking system. The ECB decides eight times a year on interest rates. The decision is made by six members of the ECB executive board and fifteen members of the Eurozone Central Banks. The decision is usually anticipated and therefore priced in by the market. The ECB’s press conference statement that usually follows the main refinancing rate get the most attention since the change in the refinancing rate is already history once it is moved. Although, there are times when the rate is unexpected and the market reacts violently.
Comments
OLD EVENTS
<% item.item_scheduled_at | date:'EEEE, d MMMM, yyyy' %>
EVENT ENDED

<% item.item_title %>

Posted by <% item.author.display_name %>

<% indicator.indicator_name %>
<% indicator.indicator_value %>
Related Pairs
<% ssp.ssp_posted_at | date:"HH:mm" %>