# Reflections on monetary policy

> ECB Executive Board member Philip Lane said euro area growth is slowing more than expected, mainly due to external factors such as protectionism and geopolitical risks. He noted weak global trade and manufacturing, while domestic demand remains resilient.

- Date: 2019-09-16 · published 2019-09-16T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/57281-reflections-on-monetary-policy
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Weaker euro area and global trade growth signals softer demand for imported feedstuffs and industrial goods, a mildly bearish factor for commodity demand from Europe.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-07-25 | [Monetary policy decisions](https://feedsoft.ai/events/58309-monetary-policy-decisions.md) | -0.1% | -0.4% |
| EURUSD | 2019-03-07 | [Monetary policy decisions](https://feedsoft.ai/events/60310-monetary-policy-decisions.md) | -0.1% | -0.7% |
| EURUSD | 2017-01-19 | [Monetary policy decisions](https://feedsoft.ai/events/73190-monetary-policy-decisions.md) | -0.1% | -0.2% |
| EURUSD | 2018-04-26 | [Monetary policy decisions](https://feedsoft.ai/events/65722-monetary-policy-decisions.md) | -1.7% | -4.0% |
| EURUSD | 2019-05-23 | [Account of the monetary policy meeting](https://feedsoft.ai/events/59290-account-of-the-monetary-policy-meeting.md) | -0.1% | +1.1% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/key/date/2019/html/ecb.sp190916~ca77017a8e.en.html

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