# ECB lowers rates and eyes more cuts as economy sags | Reuters

> The European Central Bank cut interest rates on October 17 for the third time this year. It said euro zone inflation was increasingly under control while the economic outlook was worsening.

- Date: 2024-10-16 · published 2024-10-16T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/28069-ecb-lowers-rates-and-eyes-more-cuts-as-economy-sags-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Lower euro zone rates tend to weaken the euro against the dollar, which can make EU-origin products less expensive to buy with dollars and affects feed commodity trade flows.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-06-09 | [Stocks, euro slip as ECB sets rate hikes, CPI looms \| Reuters](https://feedsoft.ai/events/9634-stocks-euro-slip-as-ecb-sets-rate-hikes-cpi-looms-reuters.md) | -3.3% | -5.2% |
| EURUSD | 2025-04-17 | [VIEW ECB cuts rates again to buffer economy from U.S. tariff hit](https://feedsoft.ai/events/25336-view-ecb-cuts-rates-again-to-buffer-economy-from-u-s-tariff-hit.md) | -0.3% | -1.5% |
| EURUSD | 2025-06-05 | [Instant view: ECB delivers another rate cut \| Reuters](https://feedsoft.ai/events/24437-instant-view-ecb-delivers-another-rate-cut-reuters.md) | +0.6% | +2.9% |
| EURUSD | 2025-01-30 | [VIEW ECB cuts rates again, keeps door open to further easing \| Reuters](https://feedsoft.ai/events/26726-view-ecb-cuts-rates-again-keeps-door-open-to-further-easing-reuters.md) | +0.0% | -0.0% |
| EURUSD | 2022-06-28 | [Euro dips as markets manage expectations of ECB rate hikes \| Reuters](https://feedsoft.ai/events/41157-euro-dips-as-markets-manage-expectations-of-ecb-rate-hikes-reuters.md) | -3.3% | -4.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/ecb-set-second-straight-rate-cut-economy-stagnates-2024-10-16/

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