The ECB (European Central Bank) is the central bank of the euro area, the countries that use the euro. Its Governing Council sets the euro area's key interest rates at scheduled monetary policy meetings several times a year. ECB decisions and press conferences can coincide with higher volatility and wider spreads, including in euro pairs such as EUR/USD.
Also called: European Central Bank, ECB Governing Council, euro area central bank, euro area interest rates
Hypothetical example
Hypothetically, the ECB's deposit facility rate is 2.00% and the forecast is no change; the calendar shows the decision first and the press conference later the same day.
