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The ECB kept its main refinancing rate at 0.00%, the marginal lending rate at 0.25% and the deposit rate at -0.40% on 7 March 2019. It said rates would stay at present levels at least through the end of 2019 and announced a new series of TLTRO-III operations running from September 2019 to March 2021.
A prolonged low-rate outlook and cheap bank funding weigh on the euro against the dollar, which can affect dollar-denominated feed import costs and the competitiveness of EU feed exports.
ecb.europa.euEuropean Central BankMar 7, 2019After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
