European Central Bank (ECB) president Mario Draghi, sounded more confident in bank's January meeting that in December, when he disappointed market expectations and was seen fumbling literally during the course of press conference.
Since, December meeting, oil price has dropped substantially and Euro Zone growth and inflation data has been weak. Usual hawk, Bundesbank chief Jens Weidmann, even said, ECB will have to revise its inflation forecast significantly. Moreover, due to rotation, Mr. Weidmann would not be voting policy in March meeting, though he would be there to influence without vote.
Today, lies a crucial event, where Mr. Mario, could entrench expectations for further easing, especially after Bank of Japan (BOJ) introduced new measures last week.
Today at 16:00 GMT or 17:00 CET, ECB president will be giving introductory statement at Plenary Debate on ECB annual report 2014.
The event isn't directly on monetary policy, but comments and discussions on such in not very unlikely.
Euro is currently trading at 1.085 against Dollar.


BOJ Holds Rates at 1% as Inflation Outlook Eases, October Rate Hike Still Possible
ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook
FxWirePro: Daily Commodity Tracker - 21st March, 2022




