Euro Area EUR

Euro Area ECB Praet Speech

Impact:
Medium
Source: European Central Bank

Next Release:

Date:
Period:
What Does It Measure?
The Euro Area ECB Praet Speech measures insights regarding monetary policy and economic conditions in the Eurozone, primarily focusing on aspects like inflation, economic growth, and interest rate expectations. It provides indicators of future ECB actions, influencing market perceptions of economic stability and financial conditions in the Eurozone.
Frequency
The ECB Praet Speech is typically released upon the conclusion of specific events, often quarterly, reflecting both immediate thoughts and long-term perspectives, and is considered a preliminary communication subject to further clarification.
Why Do Traders Care?
Traders pay close attention to this speech as it may signal shifts in monetary policy, affecting market sentiment and asset prices. Changes to market expectations regarding interest rates may influence the euro's value against other currencies, alongside impacting equities and bond yields.
What Is It Derived From?
The speech is derived from the ECB Executive Board member's assessments and analyses of current economic conditions, employing both qualitative and quantitative data evaluated internally within the ECB. It often reflects considerations from various economic reports and forecasts that influence policymaking decisions.
Description
The ECB Praet Speech provides crucial insights into the central bank’s views on economic conditions and its policy stance. Although it does not consist of strict data metrics, the speech often imparts direction on the ECB's future monetary approach, guiding investor expectations.
Additional Notes
The speech serves as a coincident economic indicator, providing relevant information about current economic conditions and forecasting policy changes. It is often compared to other monetary policy statements or reports released by the ECB that reinforce or contradict the speech's insights.
Bullish or Bearish for Currency and Stocks
A hawkish tone: Signaling higher interest rates or inflation concerns, is usually good for the Euro but bad for Stocks due to higher borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise