# Introductory statement to the press conference (with Q&A)

> 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.

- Date: 2019-12-12 · published 2019-12-12T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/55778-introductory-statement-to-the-press-conference-with-q-and-a
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-03-09 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/72197-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.8% | +1.1% |
| EURUSD | 2019-01-24 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/61303-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.2% | -0.4% |
| EURUSD | 2019-06-06 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/58807-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.6% | +0.3% |
| EURUSD | 2021-06-10 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/46806-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.5% | -2.8% |
| EURUSD | 2020-06-04 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/52839-introductory-statement-to-the-press-conference-with-q-and-a.md) | +1.0% | +0.1% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2019/html/ecb.is191212~c9e1a6ab3e.en.html

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