
The ECB's account of its July monetary policy meeting reviewed financial market developments. Euro-area government bond yields had risen from very low levels after the Sintra forum in late June, while German two-year yields remained well below zero.
Medium- to longer-term inflation expectations were described as stable.
Higher euro-area yields and a firmer euro tighten financial conditions and can weigh on euro-area growth and import prices. For feed buyers the effect on grain and meal prices is indirect and small.
Tras 129 eventos neutral de macro pasados, Euro (USD por EUR) se movió una mediana de -0,1 % en 5 sesiones (45% al alza; mitad central entre -0,5 % y +0,5 %), y +0,1 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.