# PRESS CONFERENCE

> The ECB held its December 16 press conference and said the euro area recovery continues, with Omicron restraining activity. It also said progress permits a step-by-step reduction in the pace of asset purchases, and that inflation is elevated but expected to ease next year.

- Date: 2021-12-16 · published 2021-12-16T12:00:00.000Z
- Category: macro · region Euro area · magnitude medium
- Page: https://feedsoft.ai/events/43830-press-conference
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A faster ECB taper and eventual rate path shape the euro's value against the dollar, which affects the relative competitiveness of US and EU grain and oilseed exports and the cost of imported feed inputs.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-04-30 | [PRESS CONFERENCE](https://feedsoft.ai/events/53850-press-conference.md) | -0.4% | +2.0% |
| EURUSD | 2017-07-20 | [PRESS CONFERENCE](https://feedsoft.ai/events/70188-press-conference.md) | +1.0% | +1.6% |
| EURUSD | 2017-04-27 | [PRESS CONFERENCE](https://feedsoft.ai/events/71689-press-conference.md) | +0.4% | +2.8% |
| EURUSD | 2019-06-06 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/58807-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.6% | +0.3% |
| EURUSD | 2021-06-10 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/46806-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.5% | -2.8% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2021/html/ecb.is211216~9abaace28e.en.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.