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July 25, 2018

IronFX, What to expect? ECB Interest Rate Decision In Focus on Thursday, July 26th

Nerves are being reflected in the euro which is trading lower versus the dollar as we head towards the ECB meeting.

This article is originally referred from IronFX News.

The ECB is highly probable to keep interest rates on hold at 0.00%, with a current probability of 97.61%, according to EUR OIS.

Confirmation on holding at 0.00% was also confirmed previously by the ECB as it declared that it would keep rates at current levels at least through the summer of 2019.

Most significant improvements regarding financial data from the EU where a tighter labour market backed by domestic growth in employment.

Retail sales was improved on a month to month basis but is still down compared to last year. This fact implies an increased disposable income and consumption is driving overall demand.

It should be noted, though European Inflation remains on target levels at 2.0%, on a month to month comparison, in France, Germany, and the Eurozone inflation has dropped.

Original Source: IronFX News

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