# ECB press conference - introductory statement | Bank for International Settlements

> Draghi and Constâncio presented the ECB's 27 April 2017 policy decision, keeping key rates unchanged and net asset purchases at 60 billion euros monthly. The statement described the cyclical recovery as increasingly solid while underlying inflation remained subdued.

- Date: 2017-04-28 · published 2017-04-28T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/71693-ecb-press-conference-introductory-statement-bank-for-international-settlements
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Policy that remains accommodative supports euro-area economic activity and livestock and feed demand, while currency effects shape import costs for dollar-priced commodities.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-09-10 | [Christine Lagarde: ECB press conference - introductory statement](https://feedsoft.ai/events/51333-christine-lagarde-ecb-press-conference-introductory-statement.md) | +0.2% | -0.4% |
| 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% |
| EURUSD | 2021-01-21 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/49377-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.2% | -0.4% |
| 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 | 2018-07-26 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/64238-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.1% | -0.7% |

## Sources

- bis.org: https://www.bis.org/speeches/20170428-ecb-press-conference-introductory-statement

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