# Account of the monetary policy meeting

> The ECB's account of its July monetary policy meeting reviewed financial market developments. Euro-area government bond yields had risen from very low levels after the Sintra forum in late June, while German two-year yields remained well below zero. Medium- to longer-term inflation expectations were described as stable.

- Date: 2017-08-17 · published 2017-08-17T12:00:00.000Z
- Category: macro · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/69662-account-of-the-monetary-policy-meeting
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Higher euro-area yields and a firmer euro tighten financial conditions and can weigh on euro-area growth and import prices. For feed buyers the effect on grain and meal prices is indirect and small.

## Read by commodity

- EURUSD: neutral

## 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 | 2019-11-21 | [Account of the monetary policy meeting](https://feedsoft.ai/events/56279-account-of-the-monetary-policy-meeting.md) | -0.6% | +0.6% |
| EURUSD | 2023-02-16 | [Monetary policy after the energy shock](https://feedsoft.ai/events/37537-monetary-policy-after-the-energy-shock.md) | -0.9% | -0.6% |
| EURUSD | 2017-07-20 | [Monetary policy decisions](https://feedsoft.ai/events/70184-monetary-policy-decisions.md) | +1.0% | +1.6% |
| EURUSD | 2024-03-07 | [EUR/USD up on the day after conclusion of ECB policy meeting](https://feedsoft.ai/events/31422-eur-usd-up-on-the-day-after-conclusion-of-ecb-policy-meeting.md) | +0.3% | -0.8% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/accounts/2017/html/ecb.mg170817.en.html

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