Policy Rate Announcement by the European Central Bank
Eurozone| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The European Central Bank (ECB) regularly convenes meetings to determine monetary policy for the Eurozone and announces policy interest rates. Policy interest rates are the rates applied by central banks to interbank lending and are a crucial indicator that affects the entire economy.
When policy interest rates are lowered, borrowing costs decrease, potentially leading to increased spending by consumers and businesses. Conversely, when policy interest rates are raised, borrowing costs increase, which may restrain spending by consumers and businesses. This can help in controlling inflation and promoting economic growth.
This data serves as a reference for policymakers to assess the current economic conditions and formulate appropriate monetary policies. Additionally, it is an important source of information for businesses and investors to forecast interest rate trends and economic outlooks.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
