# Introductory statement to the press conference (with Q&A)

> ECB President Mario Draghi said rates will stay at present levels at least through the first half of 2020 and that reinvestments will continue. He also announced the TLTRO III pricing, with lending rates set just 10 basis points above the deposit rate.

- Date: 2019-06-06 · published 2019-06-06T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/58807-introductory-statement-to-the-press-conference-with-q-and-a
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Prolonged ultra-low euro rates weigh on the euro and can indirectly support dollar-priced commodities, but the direct feed market impact is small.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-07-26 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/64238-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.1% | -0.7% |
| EURUSD | 2021-01-21 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/49377-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.2% | -0.4% |
| EURUSD | 2021-06-10 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/46806-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.5% | -2.8% |
| EURUSD | 2020-09-10 | [Christine Lagarde: ECB press conference - introductory statement](https://feedsoft.ai/events/51333-christine-lagarde-ecb-press-conference-introductory-statement.md) | +0.2% | -0.4% |
| EURUSD | 2017-04-28 | [ECB press conference - introductory statement \| Bank for International Settlements](https://feedsoft.ai/events/71693-ecb-press-conference-introductory-statement-bank-for-international-settlements.md) | +0.9% | +3.3% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2019/html/ecb.is190606~32b6221806.en.html

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