# ECB holds interest rates steady after 10 consecutive hikes

> The ECB held its key rate at 4% on October 26 after 10 consecutive hikes starting in July 2022. It said rates at current levels would bring inflation to target if maintained long enough. Markets had priced in a more than 98% chance of a hold.

- Date: 2023-10-26 · published 2023-10-26T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/33843-ecb-holds-interest-rates-steady-after-10-consecutive-hikes
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

The pause signals the end of tightening in Europe, which limits euro upside against the dollar and keeps trade-financing costs high for European feed importers. The direct commodity impact is small.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-10-26 | [ECB raises interest rates again, cuts bank subsidies \| Reuters](https://feedsoft.ai/events/39359-ecb-raises-interest-rates-again-cuts-bank-subsidies-reuters.md) | -0.9% | +4.1% |
| EURUSD | 2026-02-05 | [ECB holds rates but it's not a 'non-event,' economists say. Here's why](https://feedsoft.ai/events/20807-ecb-holds-rates-but-it-s-not-a-non-event-economists-say-here-s-why.md) | +0.7% | -1.8% |
| 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 | 2023-10-26 | [ECB snaps rate-hike streak, pushes back on talk of cuts \| Reuters](https://feedsoft.ai/events/33839-ecb-snaps-rate-hike-streak-pushes-back-on-talk-of-cuts-reuters.md) | -0.4% | +3.3% |
| 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% |

## Sources

- cnbc.com: https://www.cnbc.com/2023/10/26/european-central-bank-holds-interest-rates-steady-after-10-consecutive-hikes.html

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