ECB President Mario Draghi
European Central Bank President Mario Draghi Speaks
Will Mario Draghi Postpone the First Rate Hike Further?
Starts Tuesday, December 18, 2018 at 17:08
Updated Monday, December 3, 2018
The President of the European Central Bank (ECB) will hold a second speech on Wedenssday. Draghi is due to speak at an ECB conference, in Frankfurt. The economy of the Eurozone has shown great signs of weakness recently, although manufacturing bounced a little on Monday, apart from Italy. The ECB has been pointing to next September for the first rate hike, but now that is not so certain. The odds for a rate hike by September 2019 have declined dramatically, so unless the Eurozone economy maker a U-turn then I don't think the ECB will start increasing rates next September. So, Mario Draghi can shed some light on this testimony, so it will be very interesting for Euro traders. 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.