The European Central Bank announcement follows the Bank of England:
ECB due at 1315 GMT, which is 8.15am US ET. European Central Bank President Lagarde will follow up with her news conference a half hour later.
- the ECB still has a licence to hike, and a 50bp increase is pretty much set in stone this week. In all likelihood, guidance for a 50bp March hike will be repeated too but the March meeting will also feature a new set of forecasts that should heavily influence the ECB’s decision. As a result, markets will be tempted to rely more on their anticipation of how the ECB staff forecast will evolve at that meeting, rather than on president Christine Lagarde’s guidance.
Further, ING have provided their very handy 'cheat sheet':