# Account of the monetary policy meeting

> The European Central Bank's account of its March monetary policy meeting noted that euro area inflation-linked swap rates kept falling while US rates rose after oil prices climbed over 25% since December. Policymakers judged that markets' policy expectations need careful reading because of risk premia. Survey-based expectations for the first ECB rate hike had moved further out.

- Date: 2019-04-04 · published 2019-04-04T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/59795-account-of-the-monetary-policy-meeting
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Diverging euro and US rate expectations shape the currency outlook, which in turn affects dollar-priced feed and grain values.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2019-11-21 | [Account of the monetary policy meeting](https://feedsoft.ai/events/56279-account-of-the-monetary-policy-meeting.md) | -0.6% | +0.6% |
| 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 | 2018-04-12 | [Account of the monetary policy meeting](https://feedsoft.ai/events/65690-account-of-the-monetary-policy-meeting.md) | -0.0% | -4.3% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/accounts/2019/html/ecb.mg190404~edc605830b.en.html

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