Central bank speeches and press conferences · Euro Area
Euro Area ECB Knot Speech
The Euro Area ECB Knot Speech is a scheduled speech, press conference or appearance before lawmakers by a policymaker of the European Central Bank.
- Важность
- Medium
- Валюта
- EUR · euro
- Центральный банк
- The European Central Bank
Последние данные
Результаты этой публикации пока не показаны. Они появятся здесь сразу после выхода.
Почему это важно
Policymakers use speeches to prepare markets for decisions. A governor or chair can move the euro and bond yields with a single sentence about the outlook for the deposit facility rate (with the main refinancing rate); members who vote on rates matter more than those who do not, and a change in a usually predictable speaker's tone matters most.
Как считается
There is no figure; what matters is whether the remarks change expectations for rates.
Что означают изменения
- Listen for the balance between inflation worries (hawkish) and growth or job worries (dovish).
- Prepared remarks are released at the start; the questions afterwards often carry the surprises.
- Testimony before parliament or congress is usually the most market-moving.
Краткая история
For most of the 20th century central bankers said as little as possible; since the 1990s, communication and forward guidance have become policy tools in their own right.
Вопросы
What is the Euro Area ECB Knot Speech?
The Euro Area ECB Knot Speech is a scheduled speech, press conference or appearance before lawmakers by a policymaker of the European Central Bank.
Только образовательный материал, не инвестиционная рекомендация. Цифры — опубликованные результаты в том виде, в каком их записал наш календарь; описанные реакции рынка типичны, но не гарантированы.