# Account of the monetary policy meeting

> The ECB's account of its January 2019 monetary policy meeting says volatility stayed elevated in equity and commodity markets in early 2019. It notes Brent oil prices had fallen after December but had since recovered, and that sterling appreciated after the British Parliament rejected the EU Withdrawal Agreement. It also reports that long-term yields in the US and Germany had fallen.

- Date: 2019-02-21 · published 2019-02-21T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/60821-account-of-the-monetary-policy-meeting
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Shifts in euro and dollar rates and in oil volatility feed into commodity prices and import costs for feed buyers. The signals are indirect, so the effect on feed prices is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-02-16 | [Account of the monetary policy meeting](https://feedsoft.ai/events/72688-account-of-the-monetary-policy-meeting.md) | -0.1% | +1.3% |
| 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% |
| 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 | 2018-08-23 | [Account of the monetary policy meeting](https://feedsoft.ai/events/63734-account-of-the-monetary-policy-meeting.md) | +0.9% | +1.3% |
| EURUSD | 2018-10-11 | [Account of the monetary policy meeting](https://feedsoft.ai/events/62757-account-of-the-monetary-policy-meeting.md) | -0.0% | -0.7% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/accounts/2019/html/ecb.mg190221~0f3dd919fa.en.html

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