# ECB press conference - introductory statement | Bank for International Settlements

> The ECB cut its deposit facility rate by 10 basis points to -0.50% and kept the main refinancing rate at 0.00% and marginal lending rate at 0.25%. It also restarted net asset purchases at €20 billion per month from November 1, to run as long as needed.

- Date: 2019-09-12 · published 2019-09-12T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/57277-ecb-press-conference-introductory-statement-bank-for-international-settlements
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Negative euro rates and renewed bond buying weaken the euro and support European liquidity, which can lift EUR-linked demand for commodities and tighten the dollar's relative strength against feed-importing currencies.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-12-11 | [Christine Lagarde: ECB press conference - introductory statement](https://feedsoft.ai/events/49858-christine-lagarde-ecb-press-conference-introductory-statement.md) | +1.2% | +0.4% |
| 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 | 2018-12-13 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/61765-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.5% | +0.3% |
| EURUSD | 2017-01-19 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/73195-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.1% | -0.2% |
| DXY | 2023-10-03 | [Peeling the inflation onion, revisited \| Bank for International Settlements](https://feedsoft.ai/events/33533-peeling-the-inflation-onion-revisited-bank-for-international-settlements.md) | -0.1% | +0.6% |
| DXY | 2024-11-22 | [International corn market pressured by strong dollar](https://feedsoft.ai/events/6063-international-corn-market-pressured-by-strong-dollar.md) | -0.4% | +0.6% |
| DXY | 2026-09-17 | [Vietnam central bank's exchange rate reaches another peak - VnExpress International](https://feedsoft.ai/events/17760-vietnam-central-bank-s-exchange-rate-reaches-another-peak-vnexpress.md) | +1.0% | +2.2% |

## Sources

- bis.org: https://www.bis.org/speeches/20190912-ecb-press-conference-introductory-statement

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