The Federal Open Market Committee (FOMC) is the big game in central banking today, but we do have some info coming from the European Central Bank. The ECB is at, or approaching, a pause or end to its rate cut cycle:
- the ECB cut interest rates at its most recent meeting on June 5, 2025. Key interest rates were lowered by 25 basis points. This included the deposit facility rate being reduced to 2.00% from 2.25%.
These first two are unlikely to be of interest to traders:
- 0330 US Eastern time: Keynote speech by ECB board member Frank Elderson at SRB Legal Conference 2025 “Banking Crises – law, policy and practice: European and global perspectives”
- 0335 US Eastern time: Speech by ECB board member Sharon Donnery at the Credit Management Summit
But these two have potential:
- 1500 GMT/1100 US Eastern time: ECB board member Philip Lane chairing keynote session at 9th Annual Macroprudential Conference organised by Deutsche Bundesbank, De Nederlandsche Bank, Central Bank of Ireland and Sveriges Riksbank
- 1800 GMT/1400 US Eastern time: Dinner remarks by ECB Board member Luis de Guindos … same time as the FOMC statement
Later this year,
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is evolving into
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decision-making for investors and traders alike.