# ECB's Draghi says 'more optimistic' on the outlook for the eurozone - BBC News

> ECB President Mario Draghi said the eurozone outlook is more optimistic, raising 2017 growth to 1.8% and 2018 to 1.7%. Rates were held at 0% and the bond-buying programme was kept, with purchases cut to €60bn a month from April.

- Date: 2017-03-09 · published 2017-03-09T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/72199-ecb-s-draghi-says-more-optimistic-on-the-outlook-for-the-eurozone-bbc-news
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Stronger European growth supports meat and dairy demand and feed use in the bloc, while the ECB's policy path affects the euro and therefore the relative cost of imported feed ingredients.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-09-07 | [European markets buoyed by ECB inaction; all eyes on Draghi \| AP News](https://feedsoft.ai/events/69159-european-markets-buoyed-by-ecb-inaction-all-eyes-on-draghi-ap-news.md) | -0.4% | -1.5% |
| EURUSD | 2017-09-07 | [Eurozone set for fastest growth since 2007, says ECB](https://feedsoft.ai/events/69157-eurozone-set-for-fastest-growth-since-2007-says-ecb.md) | -0.4% | -1.5% |
| EURUSD | 2021-08-31 | [What Does the Higher Eurozone Inflation Have in Store for the EUR/USD?](https://feedsoft.ai/events/45766-what-does-the-higher-eurozone-inflation-have-in-store-for-the-eur-usd.md) | +0.5% | -1.0% |
| EURUSD | 2017-06-27 | [Mario Draghi confident over euro zone growth – The Irish Times](https://feedsoft.ai/events/70720-mario-draghi-confident-over-euro-zone-growth-the-irish-times.md) | +1.5% | +4.1% |
| EURUSD | 2018-09-24 | [Euro rises sharply as ECB's Draghi views tighter labor market](https://feedsoft.ai/events/63251-euro-rises-sharply-as-ecb-s-draghi-views-tighter-labor-market.md) | -1.0% | -2.3% |

## Sources

- bbc.com: https://www.bbc.com/news/business-39216162

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