# PRESS CONFERENCE

> 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.

- Date: 2019-03-07 · published 2019-03-07T12:00:00.000Z
- Category: macro · region Euro Area · magnitude medium
- Page: https://feedsoft.ai/events/60311-press-conference
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-07-25 | [PRESS CONFERENCE](https://feedsoft.ai/events/58310-press-conference.md) | -0.1% | -0.4% |
| EURUSD | 2019-10-24 | [PRESS CONFERENCE](https://feedsoft.ai/events/56787-press-conference.md) | +0.0% | -0.5% |
| EURUSD | 2020-01-23 | [PRESS CONFERENCE](https://feedsoft.ai/events/55290-press-conference.md) | -0.7% | -2.6% |
| EURUSD | 2019-01-24 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/61303-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.2% | -0.4% |
| EURUSD | 2017-03-09 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/72197-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.8% | +1.1% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2019/html/ecb.is190307~de1fdbd0b0.en.html

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