ECB President Mario Draghi
European Central Bank President Mario Draghi Speaks
ECB President Mario Draghi to Speak in Bologna, Italy
Starts Friday, February 22, 2019 at 15:30
Updated Tuesday, February 19, 2019
The ECB President Mario Draghi is due to speak as he accepts an honorary degree from the University of Bologna, in Italy. The economy of the Eurozone has shown great signs of weakness recently, with industrial production taking a deep dive in the last few months. The ECB has been pointing at next September for the first rate hike, but that is not so certain now. The odds of a rate hike by September 2019 have declined dramatically, so unless the Eurozone economy makes a U-turn, I don't think the ECB will start increasing rates next September. So, Mario Draghi can shed some light on this speech if he touches on these issues, which will be very interesting for Euro traders. Please follow us for coverage of this event by experienced market analysts.
<% indicator.indicator_name %>
<% indicator.indicator_value %>
<% ssp.ssp_posted_at |date:"HH:mm" %>
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.