Bank of Nova ScotiaThe European Central Bank decided in September to maintain stability, and the economy is not expected to make a major change.

The European Central Bank will announce its September interest rate resolution at 19:45 on Thursday, Beijing time. Canada's Bank of Nova Scotia believes that it is too early to expect an adjustment in the monetary policy of the European Central Bank. Novel coronavirus's pandemic emergency purchase plan has a lot of unused room, and the current procurement scale is 500 billion euros, far below the upper limit of 1.35 trillion euros. In addition, the ECB is not expected to make a major adjustment to its economic outlook, with a strategic review for the first time since 2003; given that the euro has risen nearly 10 per cent against the dollar since May, half of that increase occurred in July, the central bank is expected to focus on exchange rate issues; overall, the ECB is expected to verbally warn of risks rather than take measures