# ECB keeps rates unchanged as economy steadies – POLITICO

> The ECB left its deposit rate unchanged at 2% and revised 2025 growth up to 1.2% from 0.9%. Lagarde said the disinflationary process is over and that the risks to the outlook 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/23095-ecb-keeps-rates-unchanged-as-economy-steadies-politico
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

With the ECB likely finished cutting, euro-dollar moves will depend more on Fed policy, which affects dollar-priced commodity import costs.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-02-04 | [ECB keeps rates unchanged, signal comfort with dollar weakness \| Reuters](https://feedsoft.ai/events/20803-ecb-keeps-rates-unchanged-signal-comfort-with-dollar-weakness-reuters.md) | +0.7% | -1.5% |
| EURUSD | 2024-07-18 | [ECB leaves rates unchanged, markets look to ECB's Lagarde for clues](https://feedsoft.ai/events/29482-ecb-leaves-rates-unchanged-markets-look-to-ecb-s-lagarde-for-clues.md) | -0.7% | +0.8% |
| EURUSD | 2024-01-25 | [ECB Press Conference: Lagarde explains decision to keep rates steady, speaks on policy outlook](https://feedsoft.ai/events/32347-ecb-press-conference-lagarde-explains-decision-to-keep-rates-steady-speaks-on.md) | -0.4% | -0.8% |
| EURUSD | 2021-09-09 | [Dollar little changed, euro steady ahead of ECB decision](https://feedsoft.ai/events/45266-dollar-little-changed-euro-steady-ahead-of-ecb-decision.md) | -0.1% | -2.3% |
| EURUSD | 2023-10-26 | [ECB holds interest rates steady after 10 consecutive hikes](https://feedsoft.ai/events/33843-ecb-holds-interest-rates-steady-after-10-consecutive-hikes.md) | -0.4% | +3.3% |

## Sources

- politico.eu: https://www.politico.eu/article/ecb-rates-unchanged-economy-steadies/

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