European Central Bank President Mario Draghi Speaks
Second Speech for Mario Draghi This Week
Starts Wednesday, October 17, 2018 at 03:03
Updated Monday, September 24, 2018
The president of the European Central Bank (ECB) will hold his second speech for the week. His first speech on Monday was in front of the European Parliament Economic and Monetary Affairs Committee in Brussels and it was about the economic projections and the the monetary policy. This speech is an opening remark at the European Systemic Risk Board annual conference, in Frankfurt so it is not expected to have much impact on the Euro, but we must follow it just in case there are any hints on monetary policy. Please follow us for coverage of this event and the impact it might have on the currency by experienced market analysts.
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About European Central Bank President Mario Draghi Speaks
Mario Draghi is the president of the European Central Bank (ECB). He speaks at various events and gives speeches or press conferences with questions and answers sessions. His opinions are very important for the Euro because Draghi, as the president of the ECB, is the most influential person to decide on the monetary policy of the Central Bank. Forex traders try to read the clues in Draghi's speeches. Therefore, the forex market, and particularly the Euro pairs, become considerably volatile during his speeches. Although, it should be noted that not all of his speeches are in relation to the monetary policy. Sometimes he speaks in conferences or conventions about topics such as central banking which does not relate to the monetary policy and interest rates. During such occasions, the market tends to ignore him.