European Central Bank (ECB) Policy Updates

Scheduled Meetings and Press Conferences

The ECB has released the schedules for upcoming meetings of the Governing Council and General Council, along with related press conferences:

• Governing Council meeting: Thursday, June 6, 2023
  
• Press conference: Thursday, June 6, 2023
  
• General Council meeting: Wednesday, June 28, 2023
  

Monetary Policy Meeting Account

The ECB has published an account of the monetary policy meeting of the Governing Council held on Wednesday, April 26, 2023. The account provides insights into the discussions and decisions made during the meeting.

Expected Policy Stance

Markets anticipate another rate cut in September, with an 85% probability of the ECB reducing its benchmark deposit rate. However, the ECB is likely to adopt a data-dependent approach, adjusting its policy stance based on incoming economic data.

Potential Policy Easing

In its June meeting, the ECB may consider easing policy restrictions if data supports policymakers' confidence in the economy. This could involve further interest rate cuts or other measures to stimulate growth and inflation.

Conclusion

The ECB is closely monitoring economic developments and is prepared to adjust its policy stance as needed. The upcoming meetings will provide important insights into the ECB's assessment of the economic outlook and its plans for future policy actions.