# Account of the monetary policy meeting

> The ECB account describes financial market developments since the June meeting. Sovereign bond yields hit multi-year lows, and markets priced in a 10 basis point deposit rate cut for September. Euro area credit spreads narrowed.

- Date: 2019-08-22 · published 2019-08-22T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/57801-account-of-the-monetary-policy-meeting
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expected monetary easing pressures the euro and shapes dollar strength, which influences dollar-denominated commodity pricing and export competitiveness.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-04-12 | [Account of the monetary policy meeting](https://feedsoft.ai/events/65690-account-of-the-monetary-policy-meeting.md) | -0.0% | -4.3% |
| EURUSD | 2018-08-23 | [Account of the monetary policy meeting](https://feedsoft.ai/events/63734-account-of-the-monetary-policy-meeting.md) | +0.9% | +1.3% |
| 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% |
| EURUSD | 2018-07-12 | [Account of the monetary policy meeting](https://feedsoft.ai/events/64245-account-of-the-monetary-policy-meeting.md) | -0.7% | -1.1% |
| EURUSD | 2016-11-17 | [Account of the monetary policy meeting of the Governing Council of the European Central Bank](https://feedsoft.ai/events/8331-account-of-the-monetary-policy-meeting-of-the-governing-council-of-the-european.md) | -1.3% | -3.0% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/accounts/2019/html/ecb.mg190822~63660ecd81.en.html

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