EZ ECB Press Conference
It's the primary method the ECB uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy;
The press conference is about an hour long and has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility. The press conference is webcasted on the ECB website with a slight delay from real-time. Source changed release frequency from monthly to eight times per year as of Jan 2015;
- History
| Expected Impact / Date | Description |
|---|---|
| Mar 6, 2025 | |
| Jan 30, 2025 | |
| Dec 12, 2024 | |
| Oct 17, 2024 | |
| Sep 12, 2024 | |
| Jul 18, 2024 | |
| Jun 6, 2024 | |
| Apr 11, 2024 | |
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- EZ ECB Press Conference News
From media.rabobank.com|Mar 7, 2025The ECB cut the deposit rate to 2.50%. But alongside today’s 25bp cut, the ECB signalled that the cutting cycle is nearing its end. President Lagarde was even more cautious than we had expected her to be. We believe this reflects growing hesitance in the Governing Council about the need for further rate cuts – at least in the near term. We have postponed our forecast of the final cut to June, as the ECB awaits more information. However, uncertainty for both April and June is high, and squarely dependent on US trade policy and EU ...
From think.ing.com|Mar 6, 2025The reasons for today's rate cut decision were clear: at 2.75%, the deposit rate was still too restrictive for a eurozone economy showing signs of bottoming out but not yet recovering. And with looming US tariffs on European goods and high geopolitical uncertainty, as well as falling headline inflation, the decision to cut interest rates again was a no-brainer. The big story for today, however, was not whether or not to cut but rather what will be next for the ECB. Here, the ECB delivered the expected change in its official ...
From scotiabank.com|Mar 6, 2025As was widely expected and fully priced in, the ECB cut its three key interest rates by 25bps this morning, taking the deposit facility rate to 2.50% from 2.75% as the “disinflation process is well on track”. No ECB member voted for a rate hold, though the unanimous 25bps cut decision excluded Austria’s Holzmann who abstained (practically a ‘hold’). Given the cautious tone of today’s statement and Lagarde’s presser, the April decision looks like a bit higher than toss-up odds in favour of a cut that will depend on tariffs action. ...
From @cablefxmacro|Mar 6, 2025|1 commentpost:
LAGARDE: WON'T BE CHANGING POLICY STANCE BASED ON SHORT-TERM MARKET MOVES 
?LAGARDE: LIMITED SPREAD VARIATION DESPITE MASSIVE YIELD MOVES post: 
LAGARDE: SITUATION NOT BLACK AND WHITE 
LAGARDE: TO REACH TARGET IN EARLY 2026 
LAGARDE: DELAY DUE TO ENERGY PRICES post: ECB'S LAGARDE: QT HAS BEEN VERY SMOOTH DON'T REGARD QT AS A PRIMARY COMPONENT OF MONETARY POLICY post: ECB's President Lagarde: Can't move on a digital euro until commission and parliament complete legislation. post: ECB's President Lagarde: Tariffs are not good at all and are net negative.
From @LiveSquawk|Mar 6, 2025post: ECB’s Pres Lagarde: Wording Change In Statement Has Meaning - Moving To Evolutionary Policy Approach post: ECB’s Pres Lagarde: Increased Defence, Infrastructure Spending Still A Work In Progress - ECB Needs Time To Understand Impact - More Spending Would Be A Boost To European Economy post:
*LAGARDE: VERY ATTENTIVE TO OUTCOME OF BRUSSELS SUMMIT - BBG *LAGARDE: EVERYTHING WILL BE FACTOR OF DETAILS ON DEFENSE PLANS *LAGARDE: MUST UNDERSTAND HOW DEFENSE SPENDING WILL WORK post: ECB's President Lagarde: If data suggest it, the ECB will pause. The ECB is not pre-committing, will decide based on data. post: ECB's President Lagarde: The ECB decided after substantive discussions around table, the decision was a consensus, nobody opposed, Mr Holzmann abstained.
From @cablefxmacro|Mar 6, 2025post: <EUR=>:
*LAGARDE: MANUFACTURING STILL A DRAG ON GROWTH *LAGARDE: MANUFACTURING SURVEYS ARE IMPROVING 
?*LAGARDE: HIGH UNCERTAINTY HOLDING BACK INVESTMENTS, EXPORTS 
*LAGARDE: SERVICES ARE RESILIENT post: 
*LAGARDE: LABOR DEMAND HAS MODERATED 
*LAGARDE: EMPLOYMENT GROWTH SUBDUED IN JAN., FEB. 
*LAGARDE: UNCERTAINTY HAS RISEN, TO DAMP ECONOMY post: *LAGARDE: EU COMPETITIVENESS COMPASS SHOULD BE SWIFLY ADOPTED *LAGARDE: MOST INFLATION EXPECTATION GAUGES SUPPORT RETURN TO 2% 
*LAGARDE: EXPORTS TO BENEFIT FROM GLOBAL DEMAND BARRING TARIFFS post: *LAGARDE: RECENT WAGE NEGOTIATIONS SIGNAL EASING OF PRESSURES ?*LAGARDE: RISKS TO GROWTH REMAIN TILTED TO DOWNSIDE *LAGARDE: GEOPOLITICAL TENSIONS A MAJOR SOURCE OF UNCERTAINTY post: ECB’s Pres Lagarde: Defence, Infrastructure Spending Could Add To Growth - Defence, Infrastructure Spending Could Raise Inflation - Geopolitical Tensions Create Two-Sided Inflation Risks
From youtube.com/ecbeuro|Mar 6, 2025ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 6 March 2025 at 14:45 CET in Frankfurt am Main.
From cnbc.com|Mar 5, 2025The European Central Bank is expected to cut interest rates for the second time this year at its Thursday meeting, but disagreement among policymakers may be set to increase amid tariff uncertainty and a potential ramp-up in regional defense spending. Markets had on Wednesday fully priced in a quarter-point rate cut for the March meeting, taking the ECB’s key rate to 2.5% — down from its peak of 4% in the middle of last year. A further reduction to 2% by the end of the year was also priced in. A relatively swift pace of monetary ...
| Released on Mar 6, 2025 |
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