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The ECB announced on January 23, 2020 the launch of a review of its monetary policy strategy, to be concluded by end-2020. The review will cover the quantitative definition of price stability, the policy toolkit, and communication, with financial stability and climate sustainability also considered.
The review is a central bank process with no immediate rate change, so its direct effect on feed commodity prices is minimal. It may shape longer-term euro exchange rate expectations.
ecb.europa.euEuropean Central BankJan 23, 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.
