Christine Lagarde, President of the European Central Bank (ECB), is scheduled to deliver her remarks on the monetary policy outlook in a press conference at 13:30 GMT.
Follow our live coverage of ECB's policy announcements and the market reaction.
European Central Bank Preview: 14 major banks' expectations.
Economists expect the central bank to leave its policy unchanged, but some suspect that the Frankfurt-based institution will respond to the new measures foresee an economic hit and act already now by enlarging its Pandemic Emergency Purchase Program (PEPP).
ECB Preview: Lagarde to open the door to action and weigh on the euro.
Rising covid cases, fears of a double-dip recession and fear of deflation could push the European Central Bank (ECB) to action – either immediately or via a hint of stimulus in its next meeting. President Lagarde could announce a long-term change, cutting rates, or most likely, more bond-buying – and all could bring EUR/USD down, FXStreet’s Analyst Yohay Elam reports.
About ECB's press conference
Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. Her comments may influence the volatility of EUR and determine a short-term positive or negative trend. Her hawkish view is considered as positive, or bullish for the EUR, whereas her dovish view is considered as negative, or bearish.
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