# Eurozone recovery gathering pace, says Draghi - BBC News

> ECB head Mario Draghi said the eurozone recovery is increasingly solid with fewer risks, but inflation remains too low for rate increases. The bank held its main rate at zero and kept bond purchases at 60 billion euros a month.

- Date: 2017-04-27 · published 2017-04-27T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/71690-eurozone-recovery-gathering-pace-says-draghi-bbc-news
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A policy outlook that keeps monetary stimulus in place tends to weigh on the euro and supports European demand for imported feed ingredients priced in dollars.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-04-27 | [ECB says eurozone recovery 'increasingly solid' \| Euronews](https://feedsoft.ai/events/71692-ecb-says-eurozone-recovery-increasingly-solid-euronews.md) | +0.4% | +2.8% |
| EURUSD | 2024-09-17 | [BNP Paribas says euro could rise, not fall, if recession hits](https://feedsoft.ai/events/28532-bnp-paribas-says-euro-could-rise-not-fall-if-recession-hits.md) | +0.1% | -2.0% |
| EURUSD | 2023-07-31 | [Eurozone Economy Improves, EUR/USD Rises Slightly](https://feedsoft.ai/events/35254-eurozone-economy-improves-eur-usd-rises-slightly.md) | -0.0% | -2.3% |
| EURUSD | 2025-10-31 | [Eurozone inflation slows to 2.1%, yet Lagarde stays cautious \| Euronews](https://feedsoft.ai/events/22628-eurozone-inflation-slows-to-2-1-yet-lagarde-stays-cautious-euronews.md) | -0.2% | +0.5% |
| EURUSD | 2024-07-18 | [European Central Bank holds rates, says domestic price pressures high](https://feedsoft.ai/events/29484-european-central-bank-holds-rates-says-domestic-price-pressures-high.md) | -0.7% | +0.8% |

## Sources

- bbc.co.uk: https://www.bbc.co.uk/news/business-39730080

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