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An ECB Economic Bulletin box assesses the central bank's pandemic response, focusing on asset purchases and TLTRO III. It concludes that the measures stabilised markets, supported credit provision and kept policy accommodative, and that they are expected to help inflation move toward levels just below 2%.
Accommodative euro-area policy supports the euro and broader financial conditions, but the analysis has no direct effect on feed commodity prices.
ecb.europa.euHutchinson, John, Mee, SimonJul 30, 2020After 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.
