European Central Bank Press Conference
Let\'s See How Dovish the ECB has Turned
Starts Wednesday, April 10, 2019 at 12:30
Updated Monday, April 8, 2019
Inflation slipped to 1.4% last week and Core inflation, which the ECB considers as "substantial inflation" and was pretty optimistic about until recently, lost two points falling to 0.8% in the Eurozone. On top of that we have Brexit, which will likely be addressed as well. ECB President Mario Draghi will hold a press conference, so we expect some volatility during this press conference. Refi rates are expected to remain unchanged at 0.0% for quite some time, so nothing expected from that event. The ECB turned pretty dovish in the last meeting and, after the decline in inflation, it will be interesting to see how dovish they are now. Please follow us for live 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 Press Conference
The ECB press conference is held at the ECB European Central Bank headquarters where ECB president Mario Draghi and vice president Luis De Guindos speak. The conference is about an hour long. It is divided into two parts. During the first part, the speaker reads a prepared statement, also called the interest rate statement. The second part is a question and answers session where the ECB president and vice president take questions. As in other speeches from central bankers, forex traders try to decipher clues from the speeches. Although, unlike some speeches, the ECB press conference always discusses monetary policy. This is the primary way the ECB communicates with the public regarding the monetary policy. It generally covers, in detail, the Central Banks’ views on the Eurozone economy and inflation expectations. The questions often lead to unexpected answers, therefore high volatility is expected during the press conference.