The euro has strengthened against the dollar this morning ahead of the European Central Bank’s interest rate decision today.
Although ECB officials are expected to keep the interest rate the same, it is expected that they will deliver a more hawkish message due to record high inflation. This could include ending its bond buying programme earlier than planned and perhaps indicating that an interest rate hike will occur this year.
The markets will be listening to any comments from policymakers, including European Central Bank President Christine Lagarde.
