# Account of the monetary policy meeting

> The ECB published the account of its monetary policy meeting, noting that global risk sentiment had improved since March and equity markets had risen strongly in the first quarter. Markets had pushed expectations for the first ECB rate increase further out, and short-term money market rate expectations had shifted lower. The Fed had also lowered its rate projections and slowed its Treasury balance sheet runoff.

- Date: 2019-05-23 · published 2019-05-23T12:00:00.000Z
- Category: macro · region Euro zone · magnitude low
- Page: https://feedsoft.ai/events/59290-account-of-the-monetary-policy-meeting
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of easier money for longer tend to weaken the euro and support risk assets, which can modestly lift commodity prices priced in dollars.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-08-22 | [Account of the monetary policy meeting](https://feedsoft.ai/events/57801-account-of-the-monetary-policy-meeting.md) | -0.1% | -0.5% |
| 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 | 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.mg190523~3e19e27fb7.en.html

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