# PRESS CONFERENCE

> ECB President Mario Draghi and Vice-President Luis de Guindos held the press conference after the July 25 meeting. They repeated that rates will stay at present or lower levels through the first half of 2020 and that the Governing Council is ready to adjust all instruments if inflation falls short.

- Date: 2019-07-25 · published 2019-07-25T12:00:00.000Z
- Category: macro · region Eurozone · magnitude medium
- Page: https://feedsoft.ai/events/58310-press-conference
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

The explicit readiness to ease further signals more euro weakness ahead, which supports dollar-priced commodities such as soybean meal and corn in Europe. The impact depends on whether the promised measures are actually delivered.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-03-07 | [PRESS CONFERENCE](https://feedsoft.ai/events/60311-press-conference.md) | -0.1% | -0.7% |
| EURUSD | 2020-01-23 | [PRESS CONFERENCE](https://feedsoft.ai/events/55290-press-conference.md) | -0.7% | -2.6% |
| EURUSD | 2019-10-24 | [PRESS CONFERENCE](https://feedsoft.ai/events/56787-press-conference.md) | +0.0% | -0.5% |
| 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 | 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% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2019/html/ecb.is190725~547f29c369.en.html

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