# PRESS CONFERENCE

> ECB President Christine Lagarde said euro-area activity had resumed after bottoming in April, but remained well below pre-pandemic levels with a highly uncertain outlook. Job and income losses continue to weigh on spending and investment. Headline inflation is being held down by lower energy prices, and price pressures are expected to stay subdued.

- Date: 2020-07-16 · published 2020-07-16T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/52341-press-conference
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Subdued euro-area inflation and an accommodative ECB stance point to continued weakness in demand for consumer goods, with limited direct impact on feed prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-02-03 | [PRESS CONFERENCE](https://feedsoft.ai/events/9871-press-conference.md) | +1.2% | -2.2% |
| EURUSD | 2019-07-25 | [PRESS CONFERENCE](https://feedsoft.ai/events/58310-press-conference.md) | -0.1% | -0.4% |
| EURUSD | 2021-12-16 | [PRESS CONFERENCE](https://feedsoft.ai/events/43830-press-conference.md) | +0.6% | +1.4% |
| EURUSD | 2019-03-07 | [PRESS CONFERENCE](https://feedsoft.ai/events/60311-press-conference.md) | -0.1% | -0.7% |
| EURUSD | 2020-04-30 | [PRESS CONFERENCE](https://feedsoft.ai/events/53850-press-conference.md) | -0.4% | +2.0% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2020/html/ecb.is200716~3865f74bf8.en.html

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