In Europe, market attention now shifts to three key central bank decisions, starting with the Swiss National Bank (SNB). The SNB is expected to keep interest rates unchanged at 0%, balancing between deflationary pressure and a persistently strong Swiss franc. Policymakers are trying to avoid unconventional easing measures for as long as possible, instead relying on FX interventions to stabilize the currency and buy time for inflation to recover.
Next is the Bank of England (BoE) decision, where markets are almost fully pricing in no change to rates at 3.75%. The key focus will be the voting split, which may highlight internal divisions between hawks and doves. While some members lean toward easing, rising geopolitical risks and inflation uncertainty could keep the bank cautious.
Finally, the European Central Bank (ECB) will announce its decision. With inflation risks resurfacing — partly driven by tensions in the Middle East — markets have begun to price in the possibility of rate hikes in the coming months. The ECB is expected to hold rates steady but may maintain a hawkish stance.
Thursday, March 19
- 08:00 AM GMT — UK wage data
- 08:30 AM GMT — SNB rate decision
- 08:30 AM GMT — Riksbank rate decision
- 09:00 AM GMT — Poland wage data
- 09:00 AM GMT — SNB press conference
- 12:00 PM GMT — BoE rate decision
- 01:15 PM GMT — ECB rate decision
- 01:30 PM GMT — CNB rate decision
- 01:45 PM GMT — ECB (Lagarde) press conference
- 02:30 PM GMT — US EIA natural gas inventories
Economic Calendar: Inflation in Germany and Canada in the Spotlight
ECB chair, Christine Lagarde press conference (LIVE)
BREAKING: ECB holds interest rates unchanged ๐EURUSD reacts
US100 falls after strong US macro reports ๐ฉ
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
