ECB press conference: Lagarde speech live stream – October 29

Eren Sengezer FXStreet

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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