
The ECB raised its key rate from 1.5% to 2% and said rates would need to rise significantly further. It also announced that from March 2023 it would reduce its balance sheet by 15 billion euros per month on average until the end of the second quarter.
Higher euro-zone rates and balance sheet reduction support the euro and tighten financial conditions, which can slow economic activity and reduce feed demand from the region. The impact on grain prices is indirect.
Setelah 388 peristiwa makro bullish sebelumnya, Euro (USD per EUR) bergerak median +0,3% selama 5 sesi (62% lebih tinggi; separuh tengah -0,4% sampai +1,1%), dan +0,1% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.