What to expect from ECB’s Interest Rate Decision? Will it remain unchanged at 0%?

October 26, 2017

ECB Monetary Policy Meetin is today. Be ready!

What to expect from ECB’s Interest Rate Decision? Will it remain unchanged at 0%?

This article is originally referred from Fortrade News

The European Central Bank Monetary Policy Committee will meet on October 26th at 12:30 GMT.

At the last meeting in August where interest rates were held at 0%, the Euro grew 1.49% against the dollar before falling back slightly by the end of the day.

At this month’s meeting it is widely expected that interest rates will remain unchanged at 0%.

Most traders now believe there will be no interest rate hikes until next year at the earliest.

A slower scaling down of QE may discourage growth in the value of the Euro. Volatility in the Euro can be expected.

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Original Source: Fortrade News

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