# EXCLUSIVE ECB's Stournaras calls for increasing bond buying to calm markets

> ECB policymaker Yannis Stournaras called for faster bond purchases under the Pandemic Emergency Purchase Programme to calm markets. Euro zone bond yields were set for their biggest monthly rise in three years.

- Date: 2021-02-26 · published 2021-02-26T12:00:00.000Z
- Category: macro · region Eurozone · magnitude medium
- Page: https://feedsoft.ai/events/9589-exclusive-ecb-s-stournaras-calls-for-increasing-bond-buying-to-calm-markets
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expanded ECB bond buying tends to weaken the euro and ease euro-area borrowing costs. A weaker euro can support dollar-denominated commodity demand from euro-area buyers.

## Read by commodity

- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2021-02-26 | 1 | -1.1% | -3.6 | ECB's Stournaras calling for faster PEPP bond buying signaled dovish policy to cap euro zone yields, weakening the euro on the day. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-11-06 | [For Europe's markets, Trump's return spells euro pain but bond gains \| Reuters](https://feedsoft.ai/events/5808-for-europe-s-markets-trump-s-return-spells-euro-pain-but-bond-gains-reuters.md) | -3.2% | -3.2% |
| EURUSD | 2018-06-14 | [ECB says its massive bond-buying program will likely end in December](https://feedsoft.ai/events/64727-ecb-says-its-massive-bond-buying-program-will-likely-end-in-december.md) | -1.6% | -0.8% |
| EURUSD | 2017-06-28 | [ECB says markets over-reacted to Draghi’s stimulus signals – The Irish Times](https://feedsoft.ai/events/70717-ecb-says-markets-over-reacted-to-draghi-s-stimulus-signals-the-irish-times.md) | +0.3% | +2.9% |
| EURUSD | 2020-04-29 | [Money market stress adds to case for more ECB action \| Financial Post](https://feedsoft.ai/events/53852-money-market-stress-adds-to-case-for-more-ecb-action-financial-post.md) | +0.1% | +1.2% |
| EURUSD | 2020-06-04 | [ECB ramps up its pandemic bond buying to 1.35 trillion euros](https://feedsoft.ai/events/52841-ecb-ramps-up-its-pandemic-bond-buying-to-1-35-trillion-euros.md) | +1.0% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/world/europe/exclusive-ecbs-stournaras-calls-increasing-bond-buying-calm-markets-2021-02-26/

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