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EuroStoxx50: on the eve of the decision of the ECB

The focus of traders today is the ECB’s decision on rates, as well as a follow-up press conference at which ECB leaders are expected to clarify the situation with the prospect of the QE program. It is expected that the ECB will keep the interest rate at zero level, and the deposit rate will leave negative, at the level of -0.4%.

Also, investors believe that the ECB will announce a reduction in the monthly purchases of European government bonds, supposedly from 60 billion euros to 30 billion euros, and this will be the second reduction this year.

The ECB leadership has stated more than once that stimulation can be extended, for example, for nine months, as inflation in the euro area remains weak, below the target level of just under 2.0%.

Even if the ECB declares a reduction in purchases, then, given that rates remain at the same level, in general, the monetary policy of the central bank will remain soft.

The post EuroStoxx50: on the eve of the decision of the ECB appeared first on forexarabicnetwork.com.

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