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The ECB Governing Council announced a package of monetary policy measures at its 12 March meeting to support liquidity and credit. The bulletin says the coronavirus is a major shock that will significantly slow euro area activity and that growth risks are clearly on the downside.
Weaker euro area growth expectations reduce demand for feed and livestock output in Europe. Supportive ECB measures limit the downside to euro financing conditions.
ecb.europa.euPrepared by Massimo Ferrari, Helena Le MezoMar 26, 2020After 54 past report events, Euro (USD per EUR) moved a median +0.1% over 5 sessions (59% higher; middle half -0.4% to +0.8%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
