# A new strategy for a changing world

> 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.

- Date: 2021-07-14 · published 2021-07-14T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/46293-a-new-strategy-for-a-changing-world
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2016-06-24 | [World stocks in freefall as UK votes for EU exit](https://feedsoft.ai/events/6954-world-stocks-in-freefall-as-uk-votes-for-eu-exit.md) | -3.0% | -3.6% |
| EURUSD | 2021-07-22 | [The ECB strategy review is a missed opportunity](https://feedsoft.ai/events/46298-the-ecb-strategy-review-is-a-missed-opportunity.md) | +0.1% | -0.8% |
| EURUSD | 2022-04-28 | [Why the turbo-charged US dollar is causing headaches around the world \| Money News \| Sky News](https://feedsoft.ai/events/42089-why-the-turbo-charged-us-dollar-is-causing-headaches-around-the-world-money.md) | -0.1% | +1.0% |
| EURUSD | 2018-04-12 | [Euro in Danger as Strength Now a Pressing Issue for the European Central Bank](https://feedsoft.ai/events/65729-euro-in-danger-as-strength-now-a-pressing-issue-for-the-european-central-bank.md) | -0.0% | -4.3% |
| EURUSD | 2018-07-26 | [European Central Bank says rates will remain low for months \| AP News](https://feedsoft.ai/events/64242-european-central-bank-says-rates-will-remain-low-for-months-ap-news.md) | -0.1% | -0.7% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/key/date/2021/html/ecb.sp210714~0d62f657bc.en.html

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