Euro Area ECB Interest Rate Decision
The Governing Council of the European Central Bank determines the benchmark interest rate for the Euro Area. ECB's monetary policy is primarily concerned with maintaining price stability, which is defined as keeping inflation below but near to 2% over the medium term. During protracted periods of low inflation and low interest rates, the ECB may also use unconventional monetary policy tools such as asset purchase programs. The Main refinancing operations rate is the official interest rate.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0806 -172 pips |
1.0989 -11 pips |
1.09782 | |
| EURAUD |
|
|
1.6281 -278 pips |
1.6627 -68 pips |
1.65592 | |
| EURJPY |
|
|
154.8056 -790 pips |
161.3244 +138 pips |
162.702 | |
| EURCAD |
|
|
1.4689 -228 pips |
1.4923 -6 pips |
1.49173 | |
| EURCHF |
|
|
0.9582 -60 pips |
0.9801 -159 pips |
0.96423 | |
| EURCZK |
|
|
0 -243362 pips |
24.6008 -2646 pips |
24.3362 | |
| EURGBP |
|
|
0.8641 -32 pips |
0.8709 -36 pips |
0.86735 | |
| EURHUF |
|
|
378.9487 +33 pips |
390.7408 -1212 pips |
378.62 | |
| EURNOK |
|
|
11.2631 -4498 pips |
0 +117129 pips |
11.71294 | |
| EURNZD |
|
|
1.7739 -229 pips |
1.8049 -81 pips |
1.79675 |
News (EUR)
German Consumer Confidence Rises In December
Consumer morale in Germany rose moderately in December amid the slowing inflation but sentiment stayed at a very low level signaling no signs of sustainable recovery, survey results published jointly by GfK and the Nuremberg Institute for Market Decisions, showed on Tuesday. The consumer confidence index rose to -27.8 in December from -28.3 in November. The reading was seen at -27.0.
RTTNews | 7h 36min ago
Eurozone M3 Money Supply Falls, Bank Lending Remains Weak
Eurozone money supply continued to fall and bank lending remained weak in October amid tight monetary policy, data published by the European Central Bank showed Tuesday. The monetary aggregate M3 declined 1.0 percent on a yearly basis in October after a 1.2 percent fall in September. This was the fourth consecutive fall.
RTTNews | 8h 33min ago
ECB's Lagarde Says Eurozone Inflation Outlook Surrounded By Considerable Uncertainty
Euro area price growth outlook continued to be surround by significant uncertainty and it is not yet time to declare the end of the fight against inflation, European Central Bank President Christine Lagarde said Monday. "Looking ahead, we expect the weakening of inflationary pressures to continue, even though headline inflation may rise again slightly in the coming months," Lagarde said.
RTTNews | 1 day ago
