# Introductory statement to the press conference (with Q&A)

> The ECB held its January 21 press conference and kept ample monetary stimulus in place. Lagarde described the pandemic as posing serious risks, with output likely contracted in Q4 2020 and inflation very low. The statement confirmed the bank's previous baseline view of a protracted weakness in inflation.

- Date: 2021-01-21 · published 2021-01-21T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/49377-introductory-statement-to-the-press-conference-with-q-and-a
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Persistent ECB stimulus and low inflation keep the policy backdrop accommodative, which can weaken the euro and affect currency-driven demand for dollar-priced feed ingredients. The outcome matched expectations, so the price impact is limited.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-07-26 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/64238-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.1% | -0.7% |
| 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% |
| EURUSD | 2020-09-10 | [Christine Lagarde: ECB press conference - introductory statement](https://feedsoft.ai/events/51333-christine-lagarde-ecb-press-conference-introductory-statement.md) | +0.2% | -0.4% |
| EURUSD | 2017-04-28 | [ECB press conference - introductory statement \| Bank for International Settlements](https://feedsoft.ai/events/71693-ecb-press-conference-introductory-statement-bank-for-international-settlements.md) | +0.9% | +3.3% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2021/html/ecb.is210121~e601112a72.en.html

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