# Economic recovery and the new phase of monetary policy

> ECB Vice-President Constâncio said the Governing Council substantially reduced asset purchases at its October 26 meeting, while still judging ample stimulus necessary. He pointed to a robust, broad-based euro area expansion and a gradual rise in underlying inflation.

- Date: 2017-11-13 · published 2017-11-13T12:00:00.000Z
- Category: macro · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/68191-economic-recovery-and-the-new-phase-of-monetary-policy
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A steady euro area expansion supports European demand for feed, while the ECB's gradual policy normalisation shapes the euro's longer-term path against the dollar.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-11-17 | [Monetary policy and the outlook for the economy](https://feedsoft.ai/events/68186-monetary-policy-and-the-outlook-for-the-economy.md) | +1.4% | +0.1% |
| 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 | 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 | 2019-05-02 | [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 | 2019-02-21 | [Account of the monetary policy meeting](https://feedsoft.ai/events/60821-account-of-the-monetary-policy-meeting.md) | +0.4% | +0.2% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/key/date/2017/html/ecb.sp171113.en.html

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