# ECB's Holzmann leaning towards September rate hike

> ECB Governing Council member Robert Holzmann said a September rate hike was still possible, even though policymakers are considering a pause because growth is deteriorating and recession risk is rising. August euro zone inflation held at 5.3%, against expectations of a decline.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/34807-ecb-s-holzmann-leaning-towards-september-rate-hike
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Interest-rate expectations drive currency moves and, through them, the dollar value of imported feed commodities. The mixed signal leaves the euro's direction unclear, so the impact on feed prices is minimal.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-07-30 | [Euro: Strong GDP supports September ECB hike – BBH — Octa](https://feedsoft.ai/events/7692-euro-strong-gdp-supports-september-ecb-hike-bbh-octa.md) | +1.4% | +2.3% |
| EURUSD | 2022-06-09 | [Euro Traders Signal Skepticism Over ECB’s Rate-Hike Plans - Bloomberg](https://feedsoft.ai/events/9633-euro-traders-signal-skepticism-over-ecb-s-rate-hike-plans-bloomberg.md) | -3.3% | -5.2% |
| EURUSD | 2023-02-02 | [ECB raises rates, signals at least one more hike](https://feedsoft.ai/events/37538-ecb-raises-rates-signals-at-least-one-more-hike.md) | -1.7% | -2.9% |
| EURUSD | 2026-08-26 | [Euro falls despite report signaling ECB rate hike](https://feedsoft.ai/events/18102-euro-falls-despite-report-signaling-ecb-rate-hike.md) | -0.7% | -2.4% |
| EURUSD | 2023-05-03 | [ECB slows rate hike pace but signals more to come](https://feedsoft.ai/events/36153-ecb-slows-rate-hike-pace-but-signals-more-to-come.md) | -0.4% | -3.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/ecbs-holzmann-leaning-towards-september-rate-hike-2023-08-31/

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