# European Central Bank hikes rates to record level

> The ECB raised its main interest rates by 25 basis points on September 14, its 10th consecutive hike, taking the deposit rate to a record 4%. It raised its 2023 inflation forecast to 5.6% and signaled that further hikes may not be needed.

- Date: 2023-09-14 · published 2023-09-14T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34315-european-central-bank-hikes-rates-to-record-level
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Higher euro-zone rates and a hawkish-to-pause signal shift currency flows, which affects the euro and dollar and therefore the relative pricing of dollar-denominated feed commodities.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| EURUSD | 2018-07-26 | [European Central Bank says rates will remain low for months \| AP News](https://feedsoft.ai/events/64242-european-central-bank-says-rates-will-remain-low-for-months-ap-news.md) | -0.1% | -0.7% |
| EURUSD | 2019-09-12 | [European Central Bank launches new bond-buying program](https://feedsoft.ai/events/57280-european-central-bank-launches-new-bond-buying-program.md) | +0.5% | -0.2% |
| EURUSD | 2016-12-08 | [European Central Bank adds half a trillion euros in stimulus \| iNFOnews.ca](https://feedsoft.ai/events/73666-european-central-bank-adds-half-a-trillion-euros-in-stimulus-infonews-ca.md) | -0.9% | -1.8% |
| 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% |

## Sources

- cnbc.com: https://www.cnbc.com/2023/09/14/european-central-bank-hikes-rates-to-record-level.html

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