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What is ECB?

The European Central Bank (ECB) started its operations on June 1, 1998, since the formation of the European Monetary Union, and the new currency, the Euro, began to be used in banking transactions on January 1, 1999 and was put into circulation on January 1, 2002. Countries that accept the Euro form the 'Euro system' or 'Eurozone'. All EU members constitute the 'European System of Central Banks'.


What is the meeting Schedule in 2021?

Monetary policy meeting and announcement calendar of ECB is below.

  • 21 January
  • 11 March
  • 22 April
  • 10 June
  • 22 July 
  • 9 September
  • 28 October
  • 16 December


What are the last outcomes of ECB?

The European Central Bank's September monetary policy meeting minutes revealed that some members of the ECB Governing Council emphasized greater cuts in asset purchases. There were remarkable details in the minutes of the European Central Bank (ECB) Governing Council's monetary policy meeting held in Frankfurt on 8-9 September. In the minutes containing the evaluations of the council members, it was revealed that the members continued to see the risks regarding the economy as balanced and did not consider the price increases in recent months as a development that would create a need for tightening in monetary policy. The minutes revealed that members assess that the rise in inflation will largely fade in the medium term and that the bank's overall monetary policy stance remains highly harmonious. In the minutes, it was stated that members discussed a larger cut in the ECB's asset purchases under the PEPP last month, and some members even argued that the markets are ready for the end of bank support such as asset purchases.


What trading opportunity do those meetings present?

The European Central Bank establishes and executes the monetary policies of the European Union, directs foreign exchange operations and ensures the smooth functioning of the payments system. Headquartered in Frankfurt, the Bank also exports and protects Euro to member countries. The Bank's duties also include maintaining price stability and determining interest rates in member countries. In this respect, the European Central Bank meetings have functions like the FED. It gives an idea about the euro area, its environment and economic developments all over the world.

FED Announcements

The Fed meeting will be held on November 2-3. The decision taken after the meeting will be announced to the public.

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OPEC Announcements

The OPEC meeting is crucial for traders as oil production quotas for OPEC member states and certain non-voting observers are set during these meetings

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