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ECB Monetary Policy Decision Statement

At each governing council meeting, the European Central Bank releases a short statement explaining its monetary policy decision, with the goal of meeting its inflationary target. The document carries huge importance for the EUR, as any tweaks to the wording can move the common currency either up (hawkish statement) or down (dovish statement).

Most recent - Thursday 25 January 2024 13:15

Next event - Thursday 7 March 2024 13:15

The typical/expected impact on EUR pairs is high.

Trading range

Past events

Date
Thursday 25 January 2024 13:15
Thursday 14 December 2023 13:15
Thursday 26 October 2023 12:15
Thursday 14 September 2023 12:15
Thursday 27 July 2023 12:15
Thursday 15 June 2023 12:15
Thursday 4 May 2023 12:15
Thursday 16 March 2023 13:15
Thursday 2 February 2023 13:15
Thursday 15 December 2022 13:15
Thursday 27 October 2022 12:15
Thursday 8 September 2022 12:15
Thursday 21 July 2022 12:15
Wednesday 15 June 2022 09:00
Thursday 9 June 2022 11:45
Thursday 14 April 2022 11:45
Thursday 10 March 2022 12:45
Thursday 3 February 2022 12:45
Thursday 16 December 2021 12:45
Thursday 28 October 2021 11:45
Thursday 9 September 2021 11:45
Thursday 22 July 2021 11:45

Economic context

Recent economic data has been broadly neutral for EUR. The following recent announcements may affect the market reaction to ECB Monetary Policy Decision Statement:

PreviousLatest
Harmonized Index of Consumer Prices (MoM)Bullish change-0.4%0.6%
Core Harmonized Index of Consumer Prices (YoY)Bearish change3.3%3.1%
Core Harmonized Index of Consumer Prices (MoM)Bullish change-0.9%0.7%
Harmonized Index of Consumer Prices (YoY)Bearish change2.8%2.6%
Consumer Price Index (YoY)(no change)0.8%0.8%
Consumer Price Index (EU Norm) (YoY)(no change)0.9%0.9%
Unemployment RateBullish change6.5%6.4%
HCOB Manufacturing PMIBullish change42.342.5
HCOB Manufacturing PMIBullish change48.548.7
HCOB Manufacturing PMIBullish change49.251.5
Consumer Price Index (MoM)Bullish change0.2%0.4%
Harmonized Index of Consumer Prices (YoY)Bearish change3.1%2.7%
Consumer Price Index (YoY)Bearish change2.9%2.5%
Harmonized Index of Consumer Prices (MoM)Bullish change-0.2%0.6%
Unemployment ChangeBearish change-2K11K
Unemployment Rate s.a.Bearish change5.8%5.9%
Harmonized Index of Consumer Prices (YoY)Bearish change3.5%2.9%
Consumer Price Index (EU norm) (YoY)Bearish change3.4%3.1%
Retail Sales (MoM)Bullish change-1.6%-0.4%
Retail Sales (YoY)Bullish change-1.7%-1.4%
Economic Sentiment IndicatorBearish change96.195.4
Consumer Confidence(no change)-15.5-15.5
Business Climate(no change)-0.42-0.42
Gfk Consumer Confidence SurveyBullish change-29.6-29
IFO – Business ClimateBullish change85.285.5
IFO – Current Assessment(no change)86.986.9
IFO – ExpectationsBullish change83.584.1
Gross Domestic Product (YoY)(no change)-0.2%-0.2%
Gross Domestic Product (QoQ)(no change)-0.3%-0.3%
Gross Domestic Product w.d.a (YoY)(no change)-0.4%-0.4%
Core Harmonized Index of Consumer Prices (YoY)(no change)3.3%3.3%
Core Harmonized Index of Consumer Prices (MoM)(no change)-0.9%-0.9%
Harmonized Index of Consumer Prices (MoM)(no change)-0.4%-0.4%
HCOB Services PMIBullish change48.450
HCOB Manufacturing PMIBearish change46.646.1
HCOB Composite PMIBullish change47.948.9
Consumer Price Index (EU Norm) (YoY)(no change)0.9%0.9%
Consumer Price Index (YoY)(no change)0.8%0.8%
HCOB Services PMIBullish change47.748.2
HCOB Manufacturing PMIBearish change45.542.3
HCOB Composite PMIBearish change4746.1
HCOB Manufacturing PMIBullish change43.146.8
HCOB Services PMIBullish change45.448
HCOB Composite PMIBullish change44.647.7
Consumer ConfidenceBullish change-16.1-15.5

About ECB Monetary Policy Decision Statement

Country:Eurozone
Currency:EUR
Source:European Central Bank
Category:Central Banks
Frequency:Irregular

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