The European Central Bank is prepared for its scheduled meeting today, which will focus on the consistently rising price pressures in the Euro zone and on possible measures to constrain them. The markets will closely monitor the meeting for any signals that will ignite policy changes. It is not likely to have a rate hike during the present meeting, though it is possible to have sings for a rate hike in the future meetings this year in order to bring inflation within the targets. Last month ECB raised the interest rates by 0.25%, after two years where the rate was at the all time low level of 1%. Many investors are waiting for the outcome of the meeting in order to plan their future moves, as this meeting is considered as a cornerstone for the future of the single currency and the heavily indebted peripherals in particular and the Euro zone in general. Prior to the meeting the European Unit is appreciating against the US Dollar as it is now trading at 1.4883, having previously hit a session high of 1.4898, escaping from the trough of 1.4806 having slipped on mid Asian session.