The European Central Bank (ECB) is anticipated to reduce key interest rates by 25 basis points at its upcoming policy meeting on Thursday. Market attention will be primarily directed towards the ECB’s official statement and the subsequent press conference led by President Christine Lagarde. The EUR/USD currency pair is expected to exhibit heightened volatility in response to these policy announcements. The ECB’s interest rate decision for April will be revealed at 12:15 GMT, followed by President Lagarde’s press conference at 12:45 GMT, where she will present the monetary policy statement and address media inquiries. The Euro (EUR) is positioned to experience significant fluctuations against the US Dollar (USD) following the ECB’s communications.
