Source European Central Bank (latest release)
Speaker ECB President and Vice President;
Usual Effect More hawkish than expected = Good for currency;
Frequency Scheduled monthly, about 45 minutes after the Minimum Bid Rate is announced;
Next Release May 8, 2014
FF Notes The press conference is about an hour long and has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility. The press conference is webcasted on the ECB website with a slight delay from real-time;
Why Traders
Care It's the primary method the ECB uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy;
Also Called Interest Rate Statement, ECB News Conference;
Acro Expand European Central Bank (ECB);