# European Central Bank holds rates steady, gives no hint at cuts ahead

> The European Central Bank left its deposit rate at 4% for a third straight meeting in January. Lagarde said it was premature to discuss rate cuts, though disinflation was progressing. Markets had priced cuts starting around April.

- Date: 2024-01-25 · published 2024-01-25T12:00:00.000Z
- Category: macro · region Eurozone · magnitude medium
- Page: https://feedsoft.ai/events/32341-european-central-bank-holds-rates-steady-gives-no-hint-at-cuts-ahead
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Higher-for-longer euro-area rates support the euro against the dollar, which lowers the cost of dollar-priced feed imports for European buyers. A dovish shift later would weigh on the euro.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-12-15 | [European Central Bank slows rate hikes but vows more ahead \| AP News](https://feedsoft.ai/events/38437-european-central-bank-slows-rate-hikes-but-vows-more-ahead-ap-news.md) | -0.5% | +1.5% |
| EURUSD | 2026-04-30 | [European Central Bank keeps rates on hold as inflation jumps](https://feedsoft.ai/events/19941-european-central-bank-keeps-rates-on-hold-as-inflation-jumps.md) | +0.5% | -0.4% |
| EURUSD | 2023-06-15 | [European Central Bank raises rates by 25 basis points at June 2023 meeting](https://feedsoft.ai/events/35702-european-central-bank-raises-rates-by-25-basis-points-at-june-2023-meeting.md) | +0.9% | +3.5% |
| EURUSD | 2023-06-15 | [European Central Bank hikes rates again and vows more after US Fed hits pause \| AP News](https://feedsoft.ai/events/35700-european-central-bank-hikes-rates-again-and-vows-more-after-us-fed-hits-pause.md) | +0.9% | +3.5% |
| EURUSD | 2022-07-21 | [Europe's central bank backs larger-than-expected rate hike \| AP News](https://feedsoft.ai/events/40711-europe-s-central-bank-backs-larger-than-expected-rate-hike-ap-news.md) | -1.1% | -0.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2024/01/25/european-central-bank-holds-interest-rates-steady-for-third-meeting-in-a-row.html

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