Watch the live video of Christine Lagarde delivering her first speech in a press conference with the European Central Bank (ECB). What can traders expect from the January LIVE ECB Press Conference?
January 23, 2020, | AtoZ Markets – Today, the President of the ECB, Christine Lagarde is scheduled to deliver her speech on the monetary policy outlook. You can watch today’s ECB press conference at 14:30 CET.
What can traders expect from ECB’s Lagarde speech?
According to Giles Coghlan, the Chief Currency Analyst at HYCM, the ECB will not make any changes to its interest rates during today’s meeting. However, traders should pay attention to hints of ECB’s next steps. There is one more thing traders should focus on today in the rate statement. That has to do with the ECB repeated calls for fiscal stimulus.
Bear in mind that governments mandates fiscal stimulus. Hence, it is not a monetary policy/tool by the Central Banks. Interestingly, the successor of Mario Draghi, Christine Lagarde has been repeating the same call for fiscal stimulus since she took over.
About the January LIVE ECB Press Conference
Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. Her comments may influence the volatility of EUR and determine a short-term positive or negative trend. Her hawkish view is considered as positive, or bullish for the EUR. On the other hand, her dovish view is considered as negative, or bearish.