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Lagarde said the ECB's strategic review of its policy framework will be wide-ranging. She also announced a task force on a central bank digital currency, the digital euro, which is to report in mid-2020.
The December 12 meeting itself made no rate changes.
The review and digital currency work are long-term institutional matters with no near-term effect on rates or currency flows. Feed prices are unaffected in the near term.
centralbanking.comDan HardieDec 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.
