ECB Meeting Schedule (ECB calendar 2020)

As a European-based forex trader or investor, you must have heard about the famous European Central Bank meeting.  In case you are not in the know, this article has got you covered. In this post, we will talk about how the ECB meeting affects traders and the upcoming ECB Meeting Schedule in 2020.

The nearest ECB release
January 23, 2020

What Is ECB And Why Does It Matter? 

The ECB is responsible for administering the monetary policy of the Eurozone. ECB consists of 19 EU member states. According to the Treaty on the Functioning of the European Union, the primary function of the ECB is to maintain price stability across the Euro area by holding monetary policy meetings every six weeks. official website

The council’s decisions are always announced via press release at 1.45 pm CET on the day of the meeting, followed by an ECB press conference at 2.30 pm CET.

How Does The ECB Meeting Affect Traders?

The meeting of the governing council of the ECB is an important date for traders as the council set the official interest rates for the Eurozone. It is incumbent on the National Central Banks of the member state to adopt these interest rates when transacting with commercial banks. The following are the 3 key rates:

  • The marginal lending rate: This is the rate for overnight loans
  • The deposit rate: This is the rate usually paid on deposits held with NCBs
  • The minimum bid rate: This is the rate payable for one-week loans.

In addition to the above rates, the governing council can also inject money directly into the economy when required to help boost spending.

It is not uncommon for investors and traders to become concern about the impact of ECB’s policy on currencies, bonds, stocks, as well as other securities.  The policy usually affects their trading strategies and propels them to predict the outcome of each policy meeting.  If they predict rightly, their portfolios would be optimized.

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ECB Meeting Schedule 2020

MonthDateFinancial Event
January23ECB monetary policy meeting
March12ECB monetary policy meeting
April20ECB monetary policy meeting
June04ECB monetary policy meeting
July16ECB monetary policy meeting
September10ECB monetary policy meeting
October29ECB monetary policy meeting
December10ECB monetary policy meeting

ECB Meeting Schedule Dates

Other Meetings To Look Out For In 2020

DatesEvents
23/01/2020Press conference following the Governing Council meeting of the ECB in Frankfurt
19/02/2020Governing Council of the ECB: non-monetary policy meeting in Frankfurt
12/03/2020Press conference following the Governing Council meeting of the ECB in Frankfurt
01/04/2020Governing Council of the ECB: non-monetary policy meeting in Frankfurt
02/04/2020General Council meeting of the ECB in Frankfurt
30/04/2020 Press conference following the Governing Council meeting of the ECB in Frankfurt
20/05/2020Governing Council of the ECB: non-monetary policy meeting in Frankfurt
04/06/2020Press conference following the Governing Council meeting of the ECB (external meeting hosted by De Nederlandsche Bank)
24/06/2020Governing Council of the ECB: non-monetary policy meeting in Frankfurt
25/06/2020General Council meeting of the ECB in Frankfurt
16/07/2020Press conference following the Governing Council meeting of the ECB in Frankfurt
29/07/2020Governing Council of the ECB: non-monetary policy meeting in Frankfurt
10/09/2020Press conference following the Governing Council meeting of the ECB in Frankfurt
23/09/2020Governing Council of the ECB: non-monetary policy meeting in Frankfurt
24/09/2020General Council meeting of the ECB in Frankfurt
07/10/2020Governing Council of the ECB: non-monetary policy meeting in Frankfurt
29/10/2020Press conference following the Governing Council meeting of the ECB in Frankfurt
18/11/2020Governing Council of the ECB: non-monetary policy meeting in Frankfurt
02/12/2020Governing Council of the ECB: non-monetary policy meeting in Frankfurt
03/12/2020General Council meeting of the ECB in Frankfurt
10/12/2020Press conference following the Governing Council meeting of the ECB in Frankfurt

It is very crucial to pay proper attention to the ECB Meeting Schedule and take proper note of it. This helps to anticipate the possible market direction and taking steps accordingly.

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