# ECB leaves rates unchanged, markets look to ECB's Lagarde for clues

> The European Central Bank kept its key interest rates unchanged on July 18, 2024, and gave no signal about its next move. It said September was wide open and that inflation would stay above target well into next year.

- Date: 2024-07-18 · published 2024-07-18T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/29482-ecb-leaves-rates-unchanged-markets-look-to-ecb-s-lagarde-for-clues
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A hold with no guidance keeps the euro supported against the dollar, which matters for feed-import costs and for US and EU export competitiveness in grain and meal markets.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-09-11 | [ECB keeps rates unchanged as economy steadies – POLITICO](https://feedsoft.ai/events/23095-ecb-keeps-rates-unchanged-as-economy-steadies-politico.md) | +1.1% | -0.9% |
| 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 | 2024-01-25 | [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 | 2020-04-29 | [ECB Preview: Euro-Dollar Recovers From Multi-Week Exchange Rate Lows Ahead Of Lagarde's Next Coronavirus Response \| Exchange Rates UK](https://feedsoft.ai/events/53855-ecb-preview-euro-dollar-recovers-from-multi-week-exchange-rate-lows-ahead-of.md) | +0.1% | +1.2% |
| EURUSD | 2025-10-30 | [Euro zone markets steady as ECB offers no clues on outlook \| 1330 & 101.5 WHBL](https://feedsoft.ai/events/22623-euro-zone-markets-steady-as-ecb-offers-no-clues-on-outlook-1330-and-101-5-whbl.md) | -1.5% | -0.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/view-ecb-leaves-rates-unchanged-markets-look-ecbs-lagarde-clues-2024-07-18/

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