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ECB Executive Board member Philip Lane gave a speech at the Bank of England Watchers' Conference in London on November 25, 2024. He explained how the ECB incorporates uncertainty into its forecasting, decision preparation and communication.
The speech cited pandemic, Russia-Ukraine, technological and green transition uncertainties.
The speech describes the ECB's policy framework and does not announce a new decision, so it has little immediate effect on feed commodity prices.
ecb.europa.euEuropean Central BankDec 1, 2024After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% 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.
