# Economic Bulletin Issue 4, 2019

> The ECB Economic Bulletin says the Governing Council kept key rates unchanged at its 6 June meeting and extended forward guidance to at least the first half of 2020. It also set the terms for a new series of TLTRO III operations, citing geopolitical risks and protectionism weighing on the euro area outlook.

- Date: 2019-06-20 · published 2019-06-20T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/58805-economic-bulletin-issue-4-2019
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Euro area rate guidance mainly shifts EUR and bond yields, with little direct effect on feed ingredient prices.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-12-28 | [Economic Bulletin Issue 8, 2017](https://feedsoft.ai/events/67681-economic-bulletin-issue-8-2017.md) | +1.4% | +4.4% |
| EURUSD | 2026-02-05 | [ECB holds rates but it's not a 'non-event,' economists say. Here's why](https://feedsoft.ai/events/20807-ecb-holds-rates-but-it-s-not-a-non-event-economists-say-here-s-why.md) | +0.7% | -1.8% |
| EURUSD | 2024-12-10 | [Euro-dollar has hit the floor, but don't expect a bounce \| Oxford Economics](https://feedsoft.ai/events/27177-euro-dollar-has-hit-the-floor-but-don-t-expect-a-bounce-oxford-economics.md) | -0.5% | -2.4% |
| EURUSD | 2021-12-01 | [ECB concerned economic outlook too murky to decide on recalibrating APP in March - Reuters: Analytics and Market news from 1 December 2021 12:47](https://feedsoft.ai/events/43834-ecb-concerned-economic-outlook-too-murky-to-decide-on-recalibrating-app-in.md) | -0.4% | +0.4% |
| EURUSD | 2022-08-26 | [fed: Dollar volatile after Fed's Powell comments on inflation - The Economic Times](https://feedsoft.ai/events/39943-fed-dollar-volatile-after-fed-s-powell-comments-on-inflation-the-economic-times.md) | -0.1% | -2.4% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/economic-bulletin/html/eb201904.en.html

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