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The ECB kept its key interest rates unchanged at its 12 December 2019 meeting, the first chaired by Christine Lagarde. It said rates will stay at present or lower levels until inflation converges robustly toward 2%, and that net asset purchases of €20 billion per month restarted on 1 November.
Steady, highly accommodative euro-area policy keeps the euro weak relative to the dollar, which supports euro-denominated demand for dollar-priced feed commodities. The effect on feed prices is indirect and small.
ecb.europa.euEuropean Central BankDec 12, 2019After 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.
