ECB speakers to shed light on whether interest rates will fall in April or June

Dovish talk from ECB Governing Council (GC) big-hitter Francois Villeroy de Galhau on Monday suggested he was leaning in favor of April for a first interest-rate cut by the Frankfurt-based bank.

On Wednesday, Bank of Austria Governor and ECB Governing Council member Robert Holzmann, however, said he thought the bank was more likely to cut in June. The President of the ECB, Christine Lagarde, also said June was the time the ECB would review its policy on rates.

A list of speakers from the ECB on Thursday may shed further light on the debate:

At 9:30 GMT, the member of the ECB’s Executive Board Frank Elderson.

11:00 sees the member of the ECB’s Executive Board, Isabel Schnabel, talk. 

Vice-President of the ECB Luis de Guindos is up at 18:00 GMT.

If more members appear to gravitate to June, which is the base case, it could have a slightly positive impact on the Euro and EUR/USD. If the De Galhau camp gains momentum, EUR/USD could weaken