# ECB launches review of its monetary policy strategy

> 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.

- Date: 2020-01-23 · published 2020-01-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/55289-ecb-launches-review-of-its-monetary-policy-strategy
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-12-12 | [Lagarde promises wide-ranging review of ECB monetary policy - Central Banking](https://feedsoft.ai/events/55784-lagarde-promises-wide-ranging-review-of-ecb-monetary-policy-central-banking.md) | +0.2% | +0.2% |
| EURUSD | 2020-04-30 | [ECB Monetary Policy Statement disappoints - OFX (UK)](https://feedsoft.ai/events/53880-ecb-monetary-policy-statement-disappoints-ofx-uk.md) | -0.4% | +2.0% |
| EURUSD | 2020-01-23 | [Dollar gains vs euro as ECB holds policy steady, launches review](https://feedsoft.ai/events/55288-dollar-gains-vs-euro-as-ecb-holds-policy-steady-launches-review.md) | -0.7% | -2.6% |
| EURUSD | 2018-05-04 | [Past and future of the ECB monetary policy](https://feedsoft.ai/events/65223-past-and-future-of-the-ecb-monetary-policy.md) | -0.6% | -2.4% |
| EURUSD | 2025-11-21 | [ECB’s Lagarde: Remains open to adjusting monetary policy if inflation deviates](https://feedsoft.ai/events/22151-ecb-s-lagarde-remains-open-to-adjusting-monetary-policy-if-inflation-deviates.md) | +0.6% | +1.6% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200123~3b8d9fc08d.en.html

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