Today there are no trading signals due to the ECB Interest Rate Decision
The ECB left its main refinancing operations rate unchanged and lowered the deposit interest rate by 10bps to -0.5 percent during its September meeting. Policymakers also approved a new round of bond purchases at a monthly pace of €20 billion as from November 1st, in as an attempt to boost growth and inflation amid global trade tensions and Brexit uncertainty. The ECB lowered its GDP forecasts to 1.1 percent in 2019 (vs 1.2 percent previously estimated) and 1.2 percent in 2020 (vs 1.4 percent). Inflation expectations were also slashed to 1.2 percent in 2019 (vs 1.3 percent), 1 percent in 2020 (vs 1.4 percent) and 1.5 percent in 2021 (vs 1.6 percent). Interest Rate in the Euro Area averaged 1.90 percent from 1998 until 2019, reaching an all-time high of 4.75 percent in October of 2000 and a record low of 0.00 percent in March of 2016.