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ECB Executive Board member Isabel Schnabel gave a speech on the central bank's first strategy review since 2003. She described how digitalisation, globalisation and demographic change have shifted the policy challenge toward preventing too-low inflation.
The speech explains the policy framework behind the ECB's low-rate stance, which affects the euro and the dollar. Its direct effect on feed commodity prices is limited.
ecb.europa.euEuropean Central BankJul 14, 2021After 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.
