# Monetary policy and the outlook for the economy

> ECB President Draghi said the euro area economy is in a solid expansion, with GDP rising for 18 straight quarters and global PMIs strong. He said world trade is growing at its fastest annual rate in six years, but inflation remains subdued, so the ECB needs a patient approach to policy.

- Date: 2017-11-17 · published 2017-11-17T12:00:00.000Z
- Category: macro · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/68186-monetary-policy-and-the-outlook-for-the-economy
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Stronger euro area and world trade growth supports feed demand from Europe, but the ECB's stance of keeping policy accommodative limits near-term currency moves that affect dollar-priced commodities.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-05-04 | [Past and future of the ECB monetary policy](https://feedsoft.ai/events/65223-past-and-future-of-the-ecb-monetary-policy.md) | -0.6% | -2.4% |
| EURUSD | 2017-11-13 | [Economic recovery and the new phase of monetary policy](https://feedsoft.ai/events/68191-economic-recovery-and-the-new-phase-of-monetary-policy.md) | +1.3% | +1.3% |
| EURUSD | 2019-05-02 | [Olli Rehn: Economic outlook and monetary policy - a European perspective](https://feedsoft.ai/events/59294-olli-rehn-economic-outlook-and-monetary-policy-a-european-perspective.md) | -0.4% | -0.9% |
| EURUSD | 2019-11-25 | [The yield curve and monetary policy](https://feedsoft.ai/events/56285-the-yield-curve-and-monetary-policy.md) | +0.4% | +0.6% |
| EURUSD | 2019-11-21 | [Account of the monetary policy meeting](https://feedsoft.ai/events/56279-account-of-the-monetary-policy-meeting.md) | -0.6% | +0.6% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/key/date/2017/html/ecb.sp171117.en.html

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