Today there are no trading signals due to the ECB Interest Rate Decision
The ECB kept rates on hold on July 25th with the main refinancing rate remaining at 0 and the deposit rate at -0.4 percent but changed its forward guidance to say that it expects rates to remain “at their present or lower levels” at least through the first half of 2020. The bank has also pointed out that is already making preparations for more quantitative easing as it “tasked the relevant Euro system Committees with examining options”. Interest Rate in the Euro Area averaged 1.91 percent from 1998 until 2019, reaching an all-time high of 4.75 percent in October of 2000 and a record low of 0 percent in March of 2016.
ECB Officials Consider Stimulus Package
ECB policymakers noted that the economic growth was likely to be weaker than initially thought this year and a package of stimulus measures would be more effective in combating the slowdown than a sequence of selective actions, minutes of the July meeting showed.