The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
4/23/2021 7:25:23 AM GMT | By FXStreet Insights Team
The European Central Bank (ECB) made no new policy announcements or changes in forward guidance at the April Governing Council meeting. There were, however, five interesting points from the press conference, Aline Schuiling, Sr. Economist at ABN Amro, reports.
Taper talk dismissed as premature
“No taper – ECB President Lagarde made it clear that the Governing Council had not discussed the phasing out of net purchases under the PEPP at the meeting as it was ‘premature’. This was in response to a question pointing out that a number of hawkish national central bank heads had recently signalled that they would be in favour of tapering purchases in the second half of the year. Her comments suggest that this is not a majority view in the Council.”
Apr 22, 2021 16:46 GMTFXStreet News
The European Central bank (ECB) has left its policy unchanged. The April Governing Council meeting was largely a non-event for the FX market. Economists at TD Securities expect investor attention to pivot quickly to next week’s FOMC. This should keep EUR/USD loosely anchored within the 100/200-day moving average range ahead of that risk event.
EUR/USD caught between moving averages
“The ECB left its policy levers unchanged today, with the deposit rate steady at -0.50%, the PEPP envelope unchanged at €1.85tn, and PEPP purchases set to continue this quarter at a “significantly higher” pace.”
“EUR/USD has failed to mark a fresh high for the current cycle as the 100-DMA (1.2057) remains a potent attractor for price action.”
European Central Bank Preview: Forecast from 11 major banks fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.