The European Central Bank (ECB) is expected to raise the interest rate on the Main Refinancing Operations and the Deposit Facility by 25 basis points (bps) to 2.65% and 2.50%, respectively. The ECB will announce the decision on Thursday at 12:15 GMT.
Unlike in July, the interest rate decision will be accompanied by the central bank staff’s updated economic projections and followed by ECB President Christine Lagarde’s press conference at 12:45 GMT.
The Euro (EUR) is likely to experience intense volatility around the ECB’s policy announcements, as all eyes will be on the central bank’s signals on the future rate path.
What to expect from the ECB…
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