According to experts, an important event on Thursday, December 13, will be a meeting of the European Central Bank (ECB). The main topic of the meeting is the question of the key interest rate, which will remain unchanged. The regulator also plans to announce the completion of a three-year anti-crisis program to stimulate the economy in the amount of 2.6 trillion euros
Representatives of the ECB will publish updated forecasts about the growth of the European economy. Experts do not exclude that the slowdown in GDP growth, business slowdown, and political instability may push the ECB to raise the key rate next year.
Positive sentiments are gradually returning to world markets, analysts say. Investors believe that high volatility in the markets will continue until March 1, by the end of the postponement of the increase in duties from the United States with respect to the PRC.
Experts also estimate the situation on the European market as positive. Italian authorities are ready to give up and reduce the budget deficit from the current 2.4% to 2.04% in order to avoid EU sanctions. To date, a meeting of the EU states is also scheduled, dedicated to the issues of leaving the UK from the EU. Theresa May, the British Prime Minister, remained at her post, refusing to participate in the next election in 2022. However, despite the general positive background, the uncertainty surrounding further negotiations on Brexit persists and holds everyone in suspense, analysts sum up.
The material has been provided by InstaForex Company – www.instaforex.com