# Traders raise bets that the ECB is done cutting rates | Reuters

> The European Central Bank kept its key deposit rate on hold at 2% for a second straight meeting. Christine Lagarde said the bank remains in a good place and that risks to the economy have become more balanced.

- Date: 2025-09-11 · published 2025-09-11T12:00:00.000Z
- Category: macro · region Euro Zone · magnitude low
- Page: https://feedsoft.ai/events/23093-traders-raise-bets-that-the-ecb-is-done-cutting-rates-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

An ECB pause that signals the end of the easing cycle tends to support the euro against the dollar, which can affect the dollar-denominated value of imported feed ingredients.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-10-26 | [ECB raises interest rates again, cuts bank subsidies \| Reuters](https://feedsoft.ai/events/39359-ecb-raises-interest-rates-again-cuts-bank-subsidies-reuters.md) | -0.9% | +4.1% |
| EURUSD | 2024-09-12 | [ECB dents traders' hopes for October rate cut](https://feedsoft.ai/events/28527-ecb-dents-traders-hopes-for-october-rate-cut.md) | +0.9% | -0.6% |
| EURUSD | 2024-05-15 | [Watch: Why a rate-cutting ECB won’t be too worried about the euro \| ING THINK](https://feedsoft.ai/events/30473-watch-why-a-rate-cutting-ecb-won-t-be-too-worried-about-the-euro-ing-think.md) | +0.3% | +0.2% |
| EURUSD | 2023-10-26 | [ECB snaps rate-hike streak, pushes back on talk of cuts \| Reuters](https://feedsoft.ai/events/33839-ecb-snaps-rate-hike-streak-pushes-back-on-talk-of-cuts-reuters.md) | -0.4% | +3.3% |
| EURUSD | 2018-02-26 | [The one interest rate differential that is driving the US dollar \| ING THINK](https://feedsoft.ai/events/66696-the-one-interest-rate-differential-that-is-driving-the-us-dollar-ing-think.md) | +0.1% | +0.5% |

## Sources

- reuters.com: https://www.reuters.com/world/europe/traders-raise-bets-that-ecb-is-done-cutting-rates-2025-09-11/

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