HomeContributorsFundamental AnalysisECB Drops Easing Bias, EUR Climbs

ECB Drops Easing Bias, EUR Climbs

As expected by many, the European Central Bank (ECB) have held rates steady, but tweaked some of the language at its monetary policy decision.

The EUR (€1.2423) has rallied after the ECB dropped its easing bias – referring to the option to increase asset purchases under its quantitative easing (QE) program if the eurozone economy deteriorates.

Still, the ECB reiterated that bond purchases “are intended to run until the end of September 2018, or beyond, if necessary.”

Germany’s 10-year Bund yield briefly backed up to +0.70% after the ECB announcement. It had traded at +0.67% before the decision.

ECB President Mario Draghi is due to hold a press conference at 08:30 am EST.

MarketPulse is a forex, commodities, and global indices research, analysis, and news site providing timely and accurate information on major economic trends, technical analysis, and worldwide events that impact different asset classes and investors. This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities.

Featured Analysis

Learn Forex Trading