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The ECB Economic Bulletin says the Governing Council judged that substantial monetary accommodation is still needed for underlying inflation to build. It notes that headline inflation rose on energy and food prices while core pressures remained subdued.
Rising food and energy inflation in the euro area points to firmer input costs, but the bulletin's signal of continued accommodation keeps the euro weak against the dollar.
ecb.europa.euEuropean Central BankMar 23, 2017After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
