This table illustrates where FOMC members are thought to stand at the time writing (9 October 2019). The meeting dates for 2020 are as follows. Learn how to trade the reaction to FOMC meetings across 90 currency pairs, Find out how the Bank of England’s MPC meeting affects traders, Go long or short on 12,000 global stocks, including Apple and Facebook. • The meeting of the governing council of the ECB is an important date for traders as the council set the official interest rates for the Eurozone. The European Central Bank expanded and ... the ECB said in a statement following a meeting of its policy-setting Governing Council. The wider the gap – or corridor – between the marginal lending rate and deposit rate, the greater the penalty. The European Central Bank (ECB) left the eurozone’s interest rates unchanged on Thursday but altered its package of COVID-19 support measures, extending several key policies into 2022. The deposit rate is the rate of interest paid on overnight deposits made with NCBs in the eurosystem. The minimum bid rate is the rate national central banks (NCBs) in the eurosystem must charge for one-week loans. The Governing Council calls QE its asset purchasing programme (APP), and mainly uses it to buy corporate and public sector bonds. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. The Governing Council’s monetary policy meeting is held every six weeks, with the next meeting scheduled for Thursday 12 March 2020. This causes a money multiplier effect, which should increase spending across the economy. The ECB meeting on December 10 is largely priced in, ... the ECB’s Governing Council left all policy parameters unchanged at the October meeting (in line with expectations). Of course, traders and investors are particularly concerned about the impact of ECB policy on demand for stocks, bonds, currencies and other securities, which may cause them to change their strategies. The minutes from the ECB October policy meeting - Policymakers see possibility that pandemic might have longer-lasting effects - That will take a … It is expected to adopt its final decision by the end of the year. The Governing Council assembles twice a month in Frankfurt, Germany. This rate is the lowest rate at which commercial banks can borrow capital, effectively acting as the base rate of interest for the eurozone. Next week, the ECB's Governing Council will meet. Before it is decided who will chair the governing council for the next eight years, the authors look back and examine precisely how decisions have been taken since the ECB was created – by unanimity, by majority, or by consensus. Next week, the ECB's Governing Council will meet. "We agreed, all of us, that it was necessary to take action and therefore to recalibrate our instruments at our next Governing Council meeting," ECB President Christine Lagarde told … Press conference following the Governing Council meeting of the ECB in the Netherlands. Fourth, we decided to extend to June 2022 the duration of the set of collateral easing measures adopted by the Governing Council on 7 and 22 April … The council’s decisions are always announced via press release at 1.45pm CET on the day of the meeting, followed by an ECB press conference at 2.30pm CET. ECB Key Interest Rates; Monetary policy decisions and non-standard measures Many traders will therefore try to predict which way monetary policy is heading ahead of each meeting. Please enable Cookies and reload the page. What is CFD trading and how does it work? The Governing Council’s monetary policy meeting is held every six weeks, with the next meeting scheduled for Thursday 12 March 2020. 2 The views of each member are not fixed and are likely to vary over time as a result of changes in the economy and the government’s inflation rate targets. The September ECB press conference codified their new “mantra” on the issue as “the Governing Council will carefully assess incoming information, including developments in … There are 21 voting rights to be shared between the 25 representatives on the Governing Council. It is incumbent on the National Central Banks of the member state to adopt these interest rates when transacting with commercial banks. FRANKFURT (Reuters) - The following are key quotes from European Central Bank policymakers ahead of the Dec. 10 rate-setting Governing Council meeting. Specifically, we consider four languages: German, French, Italian and English. 23/01/2020 Press conference following the Governing Council meeting of the ECB in Frankfurt 19/02/2020 Governing Council of the ECB: non-monetary policy meeting in Frankfurt 12/03/2020 Press conference following the Governing Council meeting of the ECB in Frankfurt 01/04/2020 Governing Council of the ECB… Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. As members of the Governing Council, Governors of NCBs play a crucial role in decisions relating to monetary policy for the euro area. The governing council of the European Central Bank holds a scheduled policy meeting on Thursday followed by a press conference with the ECB’s president and vice-president. Useful links. 24/06/2021 General Council meeting of the ECB in Frankfurt. 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