The ECB will release their latest interest rate decision later today. Whilst they are expected to keep the rate the same, it’s thought that officials will announce additions to their stimulus programme to help the European economy recover from the effects of the pandemic.
The EU will also hold their December summit over today and tomorrow, where 25 member states will try to persuade Poland and Hungary to approve the EU’s budget. The two nations initially rejected it over the “rule of law” clause and all 27 members most approve it before funding can be accessed.
However, they are expected to approve the budget after it was announced yesterday that Poland and Hungary have made a preliminary deal with Germany to lift their veto.
