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European Central Bank Press Conference

Let\'s See What Draghi Has to Say After he Rate Cut and the New QE Programme

Starts Thursday, September 12, 2019 at 12:30
Updated Thursday, September 12, 2019
Inflation slipped to 1.4% in March 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. It grew again in April but it still remains low. ECB President Mario Draghi will hold a press conference, so we expect some volatility during this press conference. The economy of the Eurozone has turned pretty weak recently and the ECB had turned dovish as well. Markets are pricing in two 10 bps rate cuts  by the ECB this year, so this press conference will be really interesting to hear what steps the ECB will take to stop the economic slowdown. Markets are expecting a rate cut soon and the ECB might announce it this week, which will likely take place in the October meeting. Please follow us for live coverage of this event by experienced market analysts. 

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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.

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