European Central Bank (ECB) — FX Impact, Latest News & FAQ
The European Central Bank (ECB) sets monetary policy for the 20-country euro area. The Governing Council holds rate-setting meetings eight times a year, with decisions published at 12:15 UTC and a press conference at 12:45 UTC. Eurozone inf…
About European Central Bank
The European Central Bank (ECB) sets monetary policy for the 20-country euro area. The Governing Council holds rate-setting meetings eight times a year, with decisions published at 12:15 UTC and a press conference at 12:45 UTC. Eurozone inflation, particularly the Harmonised Index of Consumer Prices (HICP), and the policy spread between the ECB and the Federal Reserve are the dominant drivers of the euro. Hawkish ECB language typically lifts EUR/USD; dovish surprises push it lower. Statement and press-conference moves on EUR pairs are routinely 100+ pips, with quarterly Staff Projections producing the biggest scheduled volatility. NewFXT tracks every ECB release with live quote impact, AI commentary and calendar context.
Most affected FX pairs
ECB FAQ
What is the ECB?
The European Central Bank is the central bank of the 20-country euro area. It sets the deposit-facility rate, the main refinancing rate and the marginal-lending rate, and conducts asset-purchase programmes when needed.
When does the ECB decide rates?
The Governing Council meets every six weeks for monetary-policy decisions, eight times a year. Decisions are released at 12:15 UTC and the press conference starts at 12:45 UTC.
Which euro pair moves the most around ECB?
EUR/USD typically sees the largest absolute pip moves because it has the deepest liquidity. EUR/GBP and EUR/JPY also react sharply when the ECB-vs-other-central-bank spread shifts.