Today is the day X for the European markets as the European central bank is releasing its monetary policy decision at 14:45 MT time. This is also the time
Today is the day X for the European markets as the European central bank is releasing its monetary policy decision at 14:45 MT time. This is also the time when a relatively new ECB president Christine Lagarde is going to prove her strengths as a leader of the European regulator amid the economic slowdown. With surging number of cases in Southern and Central Europe and a confirmation of a pandemic by the WHO, immediate actions are required to prevent the European economy from the worst. In addition, according to Ms. Lagarde herself, the worst scenario is a possibility of the 2008-style crisis. Thus, it will be particularly interesting to follow her press conference after the bank’s decision at 15:30 MT time.
