You are here: Home > articles > Forex > The ECB will stick to its plans, despite a more gloomy forecast
The ECB will stick to its plans, despite a more gloomy forecast
October 25, 2018 6:26 pmVideo
Latest News
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
- GBP/USD. April 17th. Inflation in Britain is falling, but not as much as the market wants April 17, 2024
- Tesla Q1 Earnings: Poor deliveries point to disappointing results – Stock Markets April 17, 2024
- Video market update for April 17, 2024 April 17, 2024
- Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin and Ethereum from Sebastian Seliga April 17, 2024
- Technical Analysis – Gold struggles to jump above 2,400 April 17, 2024
- GBP/USD: trading tips for beginners for European session on April 17 April 17, 2024
- EUR/USD: trading tips for beginners for European session on April 17 April 17, 2024
- Market Comment – Geopolitics and Fedspeak keep stocks under pressure April 17, 2024
- Technical Analysis – USDJPY on the verge of hitting 155.00 milestone April 17, 2024
- Hot forecast for EUR/USD on April 17, 2024 April 17, 2024
- Overview for the GBP/USD pair on April 17th. British inflation could weigh on the pound April 17, 2024
- Technical Analysis – NZDUSD bounces off 5-month low April 17, 2024
- Overview for the EUR/USD pair on April 17th. There is no single reason for the euro to rise April 17, 2024
- Key events on April 17: fundamental analysis for beginners April 17, 2024
- Trading plan for GBP/USD on April 17. Simple tips for beginners April 17, 2024
- Trading plan for EUR/USD on April 17. Simple tips for beginners April 17, 2024
- Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Wednesday April 17, 2024. April 17, 2024
- Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Wednesday April 17, 2024. April 17, 2024
The European Central Bank seems to keep its policy unchanged on Thursday, but most likely admits that growth prospects are worsening.
The ECB will confirm that its asset purchase program will end this year, but will also note that the uncertainty in the eurozone is intensifying against the background of political problems.
Such a message is likely to support expectations regarding future rates. This week, the EU took an unprecedented step, refusing to agree on the Italian budget, so an escalation of the political struggle between Rome and Brussels will also be on the agenda. The head of the ECB, Mario Draghi, the Italian himself, can again state that no EU member state can count on his help, especially those whose problems are caused by the violation of EU rules.
The regulator fears that investors may interpret a change in risk assessment as a sign of an inevitable change in monetary policy, and the ECB is not ready for this. Thus, even if growth prospects really deteriorate, the ECB may still not focus on risks in order to prevent a major shift in market participants’ expectations.
So, we will wait for the press conference of Mario Draghi. Most economists are unanimous in their opinion that the rates will remain unchanged.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: