# PRESS CONFERENCE

> ECB President Mario Draghi and Vice-President Vítor Constâncio kept key interest rates unchanged and said rates would stay at current levels well past the end of net asset purchases. The ECB affirmed €60 billion in monthly purchases through December 2017 and said it would discuss the path of tightening later.

- Date: 2017-07-20 · published 2017-07-20T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/70188-press-conference
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

The policy stance is steady and gradual, so euro moves on this statement are likely to be modest, with limited spillover to dollar-priced feed commodities.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-04-30 | [PRESS CONFERENCE](https://feedsoft.ai/events/53850-press-conference.md) | -0.4% | +2.0% |
| EURUSD | 2021-12-16 | [PRESS CONFERENCE](https://feedsoft.ai/events/43830-press-conference.md) | +0.6% | +1.4% |
| EURUSD | 2017-04-27 | [PRESS CONFERENCE](https://feedsoft.ai/events/71689-press-conference.md) | +0.4% | +2.8% |
| EURUSD | 2021-06-10 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/46806-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.5% | -2.8% |
| EURUSD | 2019-06-06 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/58807-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.6% | +0.3% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2017/html/ecb.is170720.en.html

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