The ECB interest rate decision is one the most important pieces of information that influence the economy of the euro zone.
It dictates the monetary policy direction and future economic growth. The reference interest rate is the base for all other interest rates offered in the market, like the overnight, 6M deposit rates or other lending interest rates.
Another very important part of the release of the interest rates decision, is the speech provided by the ECB president. This speech is closely followed by the market, as it may provide information on areas of concern by the ECB, as well as the hints in respect to the monetary policy and interest rates decisions in the future.
Because the United States is a country with significant output in the world production, and the US dollar participates in approx. 85% of international currency transactions, many economical indicators are followed by traders and investors.
Periodicity of publication
The governing council of the ECB meets twice a month when the result of eventual decisions may be published