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ECB meeting calendar 2023-2024: all dates

ECB calendar 2023-2024: all the dates of the upcoming meetings are under the spotlight, including those involving Lagarde's press conference.
The European Central Bank has attracted the attention of markets and analysts in this year that is coming to an end, above all for its aggressive monetary policy against inflation.
The next meeting on 14 December is therefore awaited with great interest.
The rate increase has reached a record 4.5% and is now impacting the loans, mortgages and investments of European consumers and businesses, with a real recession that is becoming more concrete every day.
After the October meeting, the question is whether the Eurotower will still be inclined to stop increases in the cost of money at the next meeting in December.
The meeting will also be crucial for the dynamics of Quantitative Tightening, i.e.
the reduction of the budget with the end of bond purchases and with the new projections on GDP and inflation.
In this rich and complex context, the ECB meeting calendar for 2023-2024 is strategic.
Not only to stay updated on the next meeting on December 14th, but also to understand what will happen next year.
Will there be the rate cuts that the markets have started to price in? Each meeting (and related press conference) will be scoured by the market, eager to know the direction of the bloc's monetary policy and the future of the European Central Bank.
ECB calendar: 2024 meetings with press conference Like every year, in 2024 the European Central Bank will meet 7 times with the aim of taking specific decisions on interest rates and monetary policy in order to keep prices stable.
In detail below, all the dates of the ECB meetings next year which include the meeting chaired by Christine Lagarde and her press conference (these are the meetings in which any decisions on interest rates are made): 01/25/2024 07 /03/2024 11/04/2024 06/06/2024 18/07/2024 12/09/2024 17/10/2024 12/12/2024 ECB: the non-monetary meetings of 2024 The ECB also meets during the year for non-monetary meetings, i.e.
for meetings in which decisions regarding rates are not expected.
These meetings, however, are equally significant as they relate to all other central bank missions.
The Eurotower, in fact, deals with price stability (for which it uses interest rates as its preferred instrument) and other crucial issues.
For example, the management of gold and foreign exchange reserves and the financial market infrastructure of the eurozone; the collection of statistics on the implementation of the policy by European regulators; the stability of the financial system; of monitoring the banking sector.
These issues are discussed during non-monetary meetings, with a final report on what was decided published in official channels.
The 2024 calendar includes the following non-monetary meetings: 02/21/2024 05/08/2024 05/22/2024 06/19/2024 07/01/2024 09/25/2024 11/13/2024 11/27/2024 Calendar ECB: 2023 meetings with press conference As a rule, the ECB meets in Frankfurt twice a month.
Only once every 6 weeks, however, does he deal with interest rates, QE and monetary policies in general.
This means that the 2023 ECB meeting calendar is divided into two parts: the first highlights monetary policy appointments, while the second only highlights the dates reserved for other non-monetary policy discussions.
Below, the calendar with the dates of the 2023 monetary policy meetings, which will be followed by Christine Lagarde's traditional press conference: 02/02/2023 – Rates up by 50 basis points, also in March 03/16/2023 – Rates at 3.5%, ahead against inflation 04/05/2023 – Rate increase to 3.75%.
No break in sight 06/15/2023 – Rate at 4.0% and new increases coming 07/27/2023 – Rates rising to 4.25%.
Uncertainty on September 09/14/2023 – Rates at 4.50%.
Will this be the last increase of the year? 26/10/2023 – There is a pause in the rate rise, unchanged at 4.50% 14/12/2023 ECB meeting forecasts for 2024: what to expect? Every meeting of the European Central Bank, especially when it comes to meetings involving monetary policy decisions, leaves significant marks on the markets.
2024 promises to be crucial for European stock markets and the euro, usually the most affected by the impact of every decision taken in Frankfurt.
After reaching the maximum level of 4.5%, in fact, interest rates should begin to fall next year, with an accommodating policy of cuts that the markets are already predicting.
However, there are many doubts about what the board chaired by Christine Lagarde will actually decide.
So far the official messages left by ECB officials have been cautious, with optimism about the decline in inflation which, however, has not revealed any date for a decrease in the cost of money.
For this reason, 2024 will be a year full of challenges and pitfalls for the Eurozone and the ECB itself.
Rates could remain at a high level for a long time, or, if inflation actually falls further or if the winds of recession blow too strongly, begin to fall.
But not before late spring, as mentioned by Lagarde.
With lower rates, stock markets usually rise, bonds increase in value (with a drop in yields) and the euro depreciates.
Conversely, with an aggressive monetary policy and high rates, the euro can advance, yields rise and shares lose attractiveness.
In 2024, anything can still happen in ECB meetings.

Author: Hermes A.I.

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