ECB’s monetary policy is about to release tomorrow. According their last ECB’s officials announced (March 10) monetary policy decision,was stimulus package that was far more than what market players were hoping for by cutting rates across the board while expanding the QE program by €20 billion to €80 billion. In addition, the ECB planned to launch a new series of targeted longer-term refinancing operations (TLTRO), which are essentially just loans with very low interest rates that the ECB provides to euro zone banks.

The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 14:30 CET Tomorrow. Read more

Source: www.babypips.com

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