ECB Meeting Schedule (ECB calendar 2024)

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 2024.

The nearest ECB release for September 12, 2024
Next ECB Meeting Dates: October 24, 2024

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 concerned about the impact of the 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 2024

Month Date Financial Event
February 21 ECB monetary policy meeting
March 07 ECB monetary policy meeting
April 18 ECB monetary policy meeting
June 06 ECB monetary policy meeting
July 16 ECB monetary policy meeting
September 12 ECB monetary policy meeting
October 24 ECB monetary policy meeting
December 12 ECB monetary policy meeting

ECB Meeting Schedule Dates

Other Meetings To Look Out For In 2024

Dates Events
21/02/2024 Governing Council of the ECB: non-monetary policy meeting in Frankfurt
07/03/2024 Governing Council of the ECB: monetary policy meeting in Frankfurt
07/03/2024 Press conference following the Governing Council meeting of the ECB in Frankfurt
21/03/2024 General Council meeting of the ECB (virtual)
11/04/2024 Governing Council of the ECB: monetary policy meeting in Frankfurt
11/04/2024 Press conference following the Governing Council meeting of the ECB in Frankfurt
08/05/2024 Governing Council of the ECB: non-monetary policy meeting (virtual)
22/05/2024 Governing Council of the ECB: non-monetary policy meeting hosted by the Central Bank of Ireland
06/06/2024 Governing Council of the ECB: monetary policy meeting in Frankfurt
06/06/2024 Press conference following the Governing Council meeting of the ECB in Frankfurt
19/06/2024 Governing Council of the ECB: non-monetary policy meeting (virtual)
20/06/2024 General Council meeting of the ECB (virtual)
01/07/2024 Governing Council of the ECB: non-monetary policy meeting (virtual)
18/07/2024 Governing Council of the ECB: monetary policy meeting in Frankfurt
18/07/2024 Press conference following the Governing Council meeting of the ECB in Frankfurt
12/09/2024 Governing Council of the ECB: monetary policy meeting in Frankfurt
12/09/2024 Press conference following the Governing Council meeting of the ECB in Frankfurt
25/09/2024 Governing Council of the ECB: non-monetary policy meeting (virtual)
26/09/2024 General Council meeting of the ECB (virtual)
17/10/2024 Governing Council of the ECB: monetary policy meeting hosted by Banka Slovenije
17/10/2024 Press conference following the Governing Council meeting of the ECB hosted by Banka Slovenije
13/11/2024 Governing Council of the ECB: non-monetary policy meeting (virtual)
27/11/2024 Governing Council of the ECB: non-monetary policy meeting (virtual)
28/11/2024 General Council meeting of the ECB: hybrid format (both virtual and in Frankfurt)
12/12/2024 Governing Council of the ECB: monetary policy meeting in Frankfurt
12/12/2024 Press 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 propere of it. This helps to anticipate the possible market direction and taking steps accordingly.

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  1. thank you for sharing this useful information

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