When and where?
The forthcoming European Central Bank (ECB) meeting will take place on Thursday 10 December. The rate decision will occur at 12.45pm (London time), with the press conference getting underway at 1.30pm.
Lagarde in line to recalibrate policies to help aid recovery
The forthcoming ECB meeting looks set to be a busy one, with the committee expected to shift restructure their current policy mix in a bid to help extend the current recovery. With restrictions seen throughout the region over the past month, the economic recovery is understandably unreliable despite the vaccine breakthroughs that took place last month.
Looking back to the October meeting, ECB President Christine Lagarde promised to 'recalibrate all of its instruments, as appropriate, to ensure that financing conditions remained favourable to support the economic recovery and counteract the negative impact of the pandemic on the projected inflation path'. Part of that involves a likely addition of around €500 billion worth liquidity under the pandemic emergency purchase program (PEPP), taking the total to €1850 billion.