A wise owl – that is what Christine Lagarde, President of the European Central Bank aspires to be. She said that back in December and has been wearing an owl pin in the January rate decision. Her press conference seems to be wise – if her intention was not to rock the boat. EUR/USD has maintained its narrow range, with implied volatility digging to new lows.
ECB Interest Rate Decision
ECB latest analysis
ECB LATEST NEWS
January meeting review
December meeting review
At its monetary policy meeting held on December 12th, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected.
October meeting review
Mario Draghi's last press conference as President of the European Central Bank reflects his eight-year tenure – dovish. He expressed pessimism about the current situation. Do not be fooled by the 20-pip rise in EUR/USD – it is related to the US Dollar's weakness – originating from downbeat US Durable Goods Orders for September.
Mario Draghi concluded his final press conference as head of the ECB with an elegy on the success of his eight years as president rather than with advice for his successor Christine Lagarde. He noted that the poplularity of the euro has never been so high, a result , perhaps of his famouns promise to do whatever it takes to save the united curency.