FxPro Help Centre - Glossary

Minimum Bid Rate (undefined)

Minimum bid rate is the main refinancing rate set by European Central Bank (ECB). The Minimum Bid Rate is important to currency traders because interest rates are central to currency valuation. For this reason, Minimum bid rate announcements tend to be highly anticipated by the market as well as the ECB press conference which occur 45 minutes later. These events generate a great deal of market volatility.