ECB meeting June 6 2012

ECB meeting June 6 2012, Mario Draghi speech june 6 2012, ECB will announce its policy decision june 6 2012 ; ders are wary of holding short stock-index positions ahead of today's ECB meeting, just in case the central bank decides to intervene further, Most economists expect the central bank to remain on hold, but hold out the possibility for some sort of action.

Of course, if the ECB fails to take any action, then the sellers will return--feeling relatively safe in the knowledge that (tomorrow's Bank of England MPC meeting aside) there is unlikely to be any announcement of further central-bank intervention" until the Federal Reserve's policy meeting on June 19-20,

Markets are fixated on the ECB’s response to dealing with the market environment and whether it will cut interest rates to 0.5 percent or provide further quantitative easing, There has also been speculation of further unconventional policy measures from the Federal Reserve.

The Group of Seven nations yesterday agreed to coordinate their response to the euro-area crisis. Policy makers at the European Central Bank meeting today face increasing pressure to lower rates and introduce more liquidity support for banks.
Central-Bank Action

ECB officials, convening a day earlier than usual due to a public holiday in some German states tomorrow, will announce their rate decision at 1:45 p.m. They will leave the benchmark rate at 1 percent, according to 32 of 44 economists surveyed by Bloomberg News. Eleven predict a quarter-point reduction and one forecasts a half-point cut.

The Frankfurt-based ECB will announce its policy decision at 7:45 a.m. EDT. ECB President Mario Draghi's monthly news conference follows at 8:30 p.m. EDT.

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