ECB meeting: what will happen to the rate?

14 September 2023

Trading signals: ECB meetingDear clients,

The next big event today is the ECB meeting. The European Central Bank is a global financial institution that regulates the entire Eurozone credit and financial policy. For this reason, the ECB Interest Rate Decision causes high volatility in the financial markets.

What will be the decision this time, and what instruments can be chosen? Our lead analyst says:

The ECB may keep the interest rate at 4.25% today and will signal to traders that it is ready to raise rates at the next meetings if necessary. Keeping rates at the same level is negative for the single European currency. Today, consider selling EURUSD, EURCAD, EURHKD.

It's a good time to top up with the 101% promotion: that way you'll have more funds to trade with.

ECB meeting: what will happen to the rate?

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