07.03.-11.03. ECB Main Refinancing Rate

Source: Dukascopy Bank SA
There are only three notable times to watch the calendar scheduled for the week. Moreover, there is nothing noteworthy until Wednesday.

On Wednesday, at 15:30 GMT, crude oil prices are expected to react to the publication of the weekly US Energy Information Administration crude oil inventories data.

On Thursday, at 12:45 GMT the European Central Bank will release its Main Refinancing Rate. However, the event is expected to have a muted reaction, as the bank's officials have clearly stated that they do not intend to change the rate in the near term future.

Instead, note that the monetary stimulus buying programs could change. Moreover, at 13:30 GMT, the management of the bank is set to hot a press conference, at which future plans might be revealed.

As the ECB press conference will start, the US Consumer Price Index and Core Consumer Price Index data is set to be released together with the US Unemployment Claims. Namely, all US pairs and assets are expected to react to the news.

On Friday, the week's events will close with the Canadian Employment Change and Unemployment Rate data. Expect the Canadian Dollar to react to the news.

The moves on the tables are measured in pips by measuring five minutes before and after a data release. The exception are the crude oil prices, which are shown in US Dollar cents.

Wednesday, 15:30 GMT
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Thursday, 12:45 GMT
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Thursday, 13:30 GMT
© Dukascopy Bank SA

© Dukascopy Bank SA

© Dukascopy Bank SA

Friday, 13:30 GMT
© Dukascopy Bank SA

© Dukascopy Bank SA

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Actual Topics

Thu, 10 Mar 2022 13:00:20 GMT

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On Thursday, March 10, the European Central Bank published its Monetary Policy Statement. In general, the bank kept its interest rates unchanged. However, the bank announced that it would end the Pandemic emergency purchase programme and slow down the Asset purchase programme. The bank revealed also that interest rates could be changed only after the programs have been shut down.

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