ECB Press Conference

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december, 2019

12dec1:30 pm1:30 pmECB Press ConferenceIMPACT: EURUSD & EUR CROSSES1:30 pm - 1:30 pm UTC Event Type :High ImpactTill the Data is Released!

Event Details

What is this event?

It’s the primary method the ECB uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

The press conference is about an hour long and has 2 parts – first, a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility. The press conference is webcast on the ECB website with a slight delay from real-time. Source changed release frequency from monthly to eight times per year as of Jan 2015.

Speaker

ECB President and Vice President

Effect on Currency

More hawkish than expected is good for currency.

Frequency of event

Scheduled 8 times per year, about 45 minutes after the Minimum Bid Rate is announced.

Source of Data

European Central Bank (latest release)

Time

(Thursday) 1:30 pm - 1:30 pm

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