# European Central Bank keeps rates on hold as inflation jumps

> The European Central Bank held its benchmark deposit facility rate at 2% on April 30, 2026, despite euro-zone inflation rising to 3% in April, driven mainly by higher energy costs. The bank said upside risks to inflation and downside risks to growth had intensified because of the Middle East war. It left the door open to further tightening depending on the duration of the energy shock.

- Date: 2026-04-30 · published 2026-04-30T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/19941-european-central-bank-keeps-rates-on-hold-as-inflation-jumps
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A higher-rate path in the euro zone tends to strengthen the euro against the dollar, which can affect dollar-denominated feed commodity prices and European import costs. Higher energy and borrowing costs also weigh on European livestock and feed margins.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-06-09 | [European Central Bank confirms July rate hike plans, raises inflation projections](https://feedsoft.ai/events/41163-european-central-bank-confirms-july-rate-hike-plans-raises-inflation-projections.md) | -3.3% | -5.2% |
| EURUSD | 2024-01-25 | [European Central Bank holds rates steady, gives no hint at cuts ahead](https://feedsoft.ai/events/32341-european-central-bank-holds-rates-steady-gives-no-hint-at-cuts-ahead.md) | -0.4% | -0.8% |
| EURUSD | 2023-06-15 | [European Central Bank raises rates by 25 basis points at June 2023 meeting](https://feedsoft.ai/events/35702-european-central-bank-raises-rates-by-25-basis-points-at-june-2023-meeting.md) | +0.9% | +3.5% |
| EURUSD | 2017-04-29 | [Euro jumps on European inflation data, dollar climbs vs. yen \| Amwal Al Ghad](https://feedsoft.ai/events/71691-euro-jumps-on-european-inflation-data-dollar-climbs-vs-yen-amwal-al-ghad.md) | +0.9% | +2.5% |
| EURUSD | 2025-12-18 | [EUR/USD rebounds as ECB holds rates and US inflation cools](https://feedsoft.ai/events/21719-eur-usd-rebounds-as-ecb-holds-rates-and-us-inflation-cools.md) | +0.3% | -1.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/04/30/european-central-bank-april-2026-rate-decision-inflation-stagflation-risk-iran-war.html

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