Forex Top Team

ECB Board of Directors, etc.

The results of the European Central Bank (ECB) Board of Directors will be announced at 8:45 pm Japan time, and a press conference by ECB President Christine Lagarde will be held at 9:30 pm. At this board meeting, it is certain that the policy interest rate will remain unchanged at the current 0% and the central bank deposit interest rate will also remain unchanged at the current -0.50%. The focus is on statements and a press conference by President Lagarde. Preliminary Eurozone consumer price index prices rose 7.5% year-on-year in March, with year-on-year growth accelerating from a 5.9% rise in February and inflation from the central bank’s 2% target. There is a further upward divergence. The euro could be bought from the ECB’s early observations of a rate hike if Lagarde said at a press conference that he was nearing reaching the conditions for a policy rate hike.

Today’s attention is EUR. Basically, it is assumed that attention will be focused on the talk of raising the policy interest rate and it will be easier to buy.

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