ECB Interest Rate Decision & Statement

Home/ECB Interest Rate Decision & Statement

december, 2019

12dec12:45 am12:45 amECB Interest Rate Decision & StatementIMPACT: EURUSD & EUR CROSSES12:45 am - 12:45 am UTC Event Type :High ImpactTill the Data is Released!

Event Details

What is this event?

Short-term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future.

The rate decision is usually priced into the market, so it tends to be overshadowed by the ECB Press Conference, held 45 minutes later. Source changed release frequency from monthly to eight times per year as of Jan 2015.

The 6 members of the ECB Executive Board and 15 of the 19 governors of the Euro area central banks vote on where to set the rate, via rotation. The split of votes is not publicly revealed.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for currency.

Frequency of event

Scheduled 8 times per year.

Source of Data

European Central Bank (latest release)

Time

(Thursday) 12:45 am - 12:45 am

Leave A Comment