# Introductory statement to the press conference (with Q&A)

> The ECB kept its key interest rates unchanged at its 9 March 2017 meeting and confirmed asset purchases of €80 billion per month until end-March, falling to €60 billion from April. Draghi said the bank still expects rates to stay at present or lower levels for an extended period.

- Date: 2017-03-09 · published 2017-03-09T12:00:00.000Z
- Category: macro · region Eurozone · magnitude medium
- Page: https://feedsoft.ai/events/72197-introductory-statement-to-the-press-conference-with-q-and-a
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Ongoing ECB easing keeps the euro under pressure relative to the dollar, which supports euro-zone demand for dollar-priced feed ingredients and lowers the cost of imports priced in euros.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-01-24 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/61303-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.2% | -0.4% |
| EURUSD | 2018-12-13 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/61765-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.5% | +0.3% |
| EURUSD | 2017-01-19 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/73195-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.1% | -0.2% |
| EURUSD | 2020-12-11 | [Christine Lagarde: ECB press conference - introductory statement](https://feedsoft.ai/events/49858-christine-lagarde-ecb-press-conference-introductory-statement.md) | +1.2% | +0.4% |
| EURUSD | 2019-09-12 | [ECB press conference - introductory statement \| Bank for International Settlements](https://feedsoft.ai/events/57277-ecb-press-conference-introductory-statement-bank-for-international-settlements.md) | +0.5% | -0.2% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2017/html/is170309.en.html

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