European Central Bank (ECB) news

The European Central Bank (ECB) is the central bank for the Eurozone, responsible for monetary policy. Its primary objective is to maintain price stability within the 20 member states using the euro. The ECB uses various monetary policy tools to guide the Eurozone economy and support sustainable growth.

Euro calm ahead of key ECB rate decision

ECB rate decision expected to be a close call US to release retail sales and producer prices The euro is showing limited movement on Thursday, ahead of today's ECB rate decision. In the European session, EUR/USD is trading at 1.0736, down 0.06%. Will she or won't she? All eyes are on ECB President Christine Lagarde, who will decide whether the ECB will increase rates by a quarter-point or hold off and take a pause after nine straight increases.

14-09-2023 04:23 GMT by Kenneth Fisher

EUR/USD - Bearish developments ahead of the European Central Bank meeting

The ECB meeting on Thursday is not likely to be as straightforward as many have seemed over the last year. Even before we get to the new economic forecasts and what that means for monetary policy over the remainder of the year, there isn't much of a consensus in the markets around what the decision on interest rates will be tomorrow. Markets are pricing in a little more than a 60% chance of another rate hike - probably the final one - and almost a 40% chance of a pause.

13-09-2023 11:19 GMT by Craig Erlam