European Central Bank Main Refinancing Rate - Economic Calendar - Strategia Forex

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European Central Bank Main Refinancing Rate

Will the ECB Deliver A Rate Cut This Month

Starts Thursday, July 25, 2019 at 11:45
Updated Thursday, July 25, 2019
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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 remain negative at -0.40%. But, we might get a surprise rate cut, either for the ReFi rates or deposit rates by 0.10%, after the dovish remarks we heard from the ECB in the last meeting. The market is pricing in two such cuts in interest rates this year by the ECB. Please follow us for live coverage in real time of the event and the impact it might have on the currency by experienced analysts. 

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About European Central Bank Main Refinancing 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.
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