The euro has strengthened slightly against the dollar this morning ahead of the European Central Bank’s interest decision.
The interest rate is expected to stay the same, however the markets will be listening closely to commentary from President Christine Lagarde and other officials.
After changing the inflation target earlier this month, it will be interesting to see if there are any comments about what this will mean for interest rates and bond-buying. A ‘dovish’ or cautious stance towards tightening monetary policy is expected.
The ECB’s press conference is due to take place at 1:30pm today.
