# Monetary policy decisions

> 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.

- Date: 2019-03-07 · published 2019-03-07T12:00:00.000Z
- Category: macro · region Euro Area · magnitude medium
- Page: https://feedsoft.ai/events/60310-monetary-policy-decisions
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-07-25 | [Monetary policy decisions](https://feedsoft.ai/events/58309-monetary-policy-decisions.md) | -0.1% | -0.4% |
| EURUSD | 2017-01-19 | [Monetary policy decisions](https://feedsoft.ai/events/73190-monetary-policy-decisions.md) | -0.1% | -0.2% |
| EURUSD | 2018-04-26 | [Monetary policy decisions](https://feedsoft.ai/events/65722-monetary-policy-decisions.md) | -1.7% | -4.0% |
| EURUSD | 2019-09-16 | [Reflections on monetary policy](https://feedsoft.ai/events/57281-reflections-on-monetary-policy.md) | -0.6% | -0.3% |
| 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% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/pr/date/2019/html/ecb.mp190307~7d8a9d2665.en.html

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