{"id":145524,"date":"2019-04-10T08:36:13","date_gmt":"2019-04-10T12:36:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=145524"},"modified":"2019-04-10T08:36:13","modified_gmt":"2019-04-10T12:36:13","slug":"ecb-april-meeting-preview-holding-steady-for-now","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/ecb-april-meeting-preview-holding-steady-for-now\/","title":{"rendered":"ECB April Meeting Preview \u2013 Holding Steady, For Now"},"content":{"rendered":"
April 10, 2019<\/div>
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By <\/strong>Orbex<\/strong><\/a><\/p>\n

The European Central bank will be holding its monetary policy meeting tomorrow.\u00a0President Mario Draghi and the governing council will be keeping monetary policy unchanged.<\/strong><\/p>\n

This comes as the central bank announced policy changes at the previous meeting in March.\u00a0The ECB started a new round of cheap financing for banks in order to provide more liquidity into the markets<\/strong>.<\/p>\n

The new cheap loans come as the ECB ended its\u00a0Quantitative Easing policy<\/a>\u00a0in December last year, hoping that it would follow through with rate hikes later this year. But a surprise downturn in the economy saw the ECB taking another look at its monetary policy.<\/p>\n

\"ECB<\/a>
ECB Main Refinancing rate<\/figcaption><\/figure>\n

Officials are currently mulling over the slowdown<\/strong>. Recently, some leading economic institutes in Germany cut the growth forecasts for the eurozone\u2019s leading economy. The cut in growth reflects the overall slower pace of growth for the eurozone.<\/p>\n

Economists have been blaming the\u00a0wider global slowdown<\/a>\u00a0and the trade tensions between the United States and China<\/strong>. At one point,\u00a0Germany\u2019s slower growth was attributed to the changes to auto emissions.<\/strong>\u00a0The automobile industry did get hit hard, but this was only temporary.<\/p>

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The economic data since the previous meeting in March also provides little to no clear details on whether there have been any improvements in the economy.<\/p>\n

Eurozone Economic Data Recap<\/strong><\/h2>\n

At the time of writing, data has been somewhat mixed. Here\u2019s a quick summary of the events:<\/p>\n