# ECB announces new pandemic emergency longer-term refinancing operations

> The ECB announced a new series of seven pandemic emergency longer-term refinancing operations (PELTROs) to provide liquidity to the euro area financial system. The operations will be fixed-rate with full allotment, priced 25 basis points below the main refinancing rate, and mature in the third quarter of 2021.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/53849-ecb-announces-new-pandemic-emergency-longer-term-refinancing-operations
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Ample cheap euro liquidity supports the euro area economy and money markets, with limited direct effect on feed commodity prices. The main channel is a possible softer euro, which can slightly affect dollar-denominated grain and oilseed export competitiveness.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-06-04 | [ECB ramps up its pandemic bond buying to 1.35 trillion euros](https://feedsoft.ai/events/52841-ecb-ramps-up-its-pandemic-bond-buying-to-1-35-trillion-euros.md) | +1.0% | +0.1% |
| EURUSD | 2022-06-29 | [Euro turns negative after Lagarde warns low inflation unlikely to return \| Financial Post](https://feedsoft.ai/events/41160-euro-turns-negative-after-lagarde-warns-low-inflation-unlikely-to-return.md) | -3.4% | -4.0% |
| EURUSD | 2023-09-14 | [Dollar jumps to 6-month high after data, ECB announcement \| Reuters](https://feedsoft.ai/events/34313-dollar-jumps-to-6-month-high-after-data-ecb-announcement-reuters.md) | -0.2% | -1.7% |
| EURUSD | 2019-03-07 | [Euro Dips on Fresh ECB TLTRO Announcement, says no Interest Rate Rise Likely in 2019](https://feedsoft.ai/events/60312-euro-dips-on-fresh-ecb-tltro-announcement-says-no-interest-rate-rise-likely-in.md) | -0.1% | -0.7% |
| EURUSD | 2018-10-25 | [ECB Preview LIVE, Analyst Views And Exchange Rate Reaction: EUR/USD Plunges To Lows Of 1.1356](https://feedsoft.ai/events/62759-ecb-preview-live-analyst-views-and-exchange-rate-reaction-eur-usd-plunges-to.md) | -0.5% | -0.5% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200430_1~477f400e39.it.html

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