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ECB President Mario Draghi and Vice-President Luis de Guindos held a press conference after the 7 March 2019 meeting. They confirmed the unchanged rates, the extended forward guidance, the reinvestment policy and the launch of TLTRO-III.
Confirmation that rate hikes are pushed out further supports a weaker euro, which tends to make dollar-priced commodities such as feed grains more expensive for euro-based buyers.
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.
