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ECB Executive Board member Philip Lane explains the analytical framework behind the central bank's monetary policy package adopted on 12 March 2020. He notes that the coronavirus is a severe shock, with global PMI survey data having fallen sharply and containment measures likely to extend the downturn.
A weaker euro area growth outlook reduces expected demand for feed and energy, but the policy response is aimed at supporting liquidity, so the direct price impact on feed commodities is limited.
ecb.europa.euEuropean Central BankMar 13, 2020After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.
