# ECB and Bank of Japan hold rates but leave door open to December rises – QNC News

> The ECB kept its deposit rate at 2.50% and the Bank of Japan held its policy rate at 1.25% in an 8-1 vote, with one member proposing a rise to 1.5%. Both central banks left the door open to a December increase as inflation risks tilt upward.

- Date: 2026-11-01 · published 2026-11-01T18:09:31.234Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29588-ecb-and-bank-of-japan-hold-rates-but-leave-door-open-to-december-rises-qnc-news
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Tighter global monetary policy can strengthen the dollar's rivals and raise financing costs for farm and feed operators. Higher energy-driven inflation also feeds into input costs, though the effect on grain and oilseed prices is indirect.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-04-30 | [Euro Rises to $1.17 as ECB Leaves Options Open](https://feedsoft.ai/events/19942-euro-rises-to-1-17-as-ecb-leaves-options-open.md) | +0.5% | -0.4% |
| EURUSD | 2022-01-25 | [Euro Forecasts Upgraded at Deutsche Bank, says ECB to Hike Rates in December](https://feedsoft.ai/events/43345-euro-forecasts-upgraded-at-deutsche-bank-says-ecb-to-hike-rates-in-december.md) | -0.9% | +0.3% |
| 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 | 2025-04-24 | [ECB's Rehn says central bank may need to lower interest rates, Bloomberg News reports](https://feedsoft.ai/events/25339-ecb-s-rehn-says-central-bank-may-need-to-lower-interest-rates-bloomberg-news.md) | -0.0% | -0.1% |
| EURUSD | 2019-09-12 | [European Central Bank cuts interest rates to record low - ABC News](https://feedsoft.ai/events/57284-european-central-bank-cuts-interest-rates-to-record-low-abc-news.md) | +0.5% | -0.2% |

## Sources

- qncnews.com: https://qncnews.com/2026/11/01/ecb-and-bank-of-japan-hold-rates-but-leave-door-open-to-december-rises/

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