# Economic Bulletin Issue 1, 2017

> The ECB's Economic Bulletin for Issue 1, 2017 says recent euro area inflation increases are largely due to base effects in energy prices, while underlying inflation remains subdued. It describes a continued moderate rebound in world activity and risks tied to political uncertainty. The euro exchange rate was broadly stable in trade-weighted terms.

- Date: 2017-02-02 · published 2017-02-02T12:00:00.000Z
- Category: macro · region Euro Zone · magnitude low
- Page: https://feedsoft.ai/events/72707-economic-bulletin-issue-1-2017
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

The bulletin signals that the ECB will keep its accommodative stance, which underpins euro weakness versus the dollar. Stable euro zone growth supports steady import demand for feed ingredients, with no clear immediate price shock.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-03-23 | [Economic Bulletin Issue 2, 2017](https://feedsoft.ai/events/72200-economic-bulletin-issue-2-2017.md) | -0.4% | -0.9% |
| EURUSD | 2017-12-28 | [Economic Bulletin Issue 8, 2017](https://feedsoft.ai/events/67681-economic-bulletin-issue-8-2017.md) | +1.4% | +4.4% |
| EURUSD | 2021-02-04 | [Economic Bulletin Issue 1, 2021](https://feedsoft.ai/events/48854-economic-bulletin-issue-1-2021.md) | +0.9% | +0.2% |
| EURUSD | 2018-09-27 | [Economic Bulletin Issue 6, 2018](https://feedsoft.ai/events/63248-economic-bulletin-issue-6-2018.md) | -2.0% | -3.3% |
| EURUSD | 2019-12-27 | [Economic Bulletin Issue 8, 2019](https://feedsoft.ai/events/55779-economic-bulletin-issue-8-2019.md) | +0.6% | -0.7% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/economic-bulletin/html/eb201701.en.html

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