# Instant view: ECB lifts interest rates to highest since 2000 | Reuters

> The European Central Bank raised its deposit rate by 25 basis points on July 27, its ninth consecutive hike, and kept the door open to further tightening. Stubborn inflation and a growing recession risk pulled policymakers in opposing directions. The euro fell about 0.5% against the dollar after the decision.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/35245-instant-view-ecb-lifts-interest-rates-to-highest-since-2000-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar from a weaker euro can make US-priced feed ingredients slightly cheaper for euro-based buyers and modestly pressures dollar commodity prices. The direct impact on feed prices is small.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-06-05 | [Instant view: ECB delivers another rate cut \| Reuters](https://feedsoft.ai/events/24437-instant-view-ecb-delivers-another-rate-cut-reuters.md) | +0.6% | +2.9% |
| EURUSD | 2023-09-14 | [ECB raises interest rates by 0.25%](https://feedsoft.ai/events/34318-ecb-raises-interest-rates-by-0-25.md) | -0.2% | -1.7% |
| 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 | 2021-10-28 | [ECB's Lagarde sees higher inflation; pushes back on rate-hike bets \| Reuters](https://feedsoft.ai/events/7162-ecb-s-lagarde-sees-higher-inflation-pushes-back-on-rate-hike-bets-reuters.md) | -0.1% | -2.6% |
| EURUSD | 2021-11-16 | [Latest ECB rate-hike pushback turns euro into falling knife \| Reuters](https://feedsoft.ai/events/11948-latest-ecb-rate-hike-pushback-turns-euro-into-falling-knife-reuters.md) | -1.4% | -1.3% |
| DXY | 2023-07-26 | [Instant View: Fed raises interest rates, leaves door open to another increase \| Reuters](https://feedsoft.ai/events/34955-instant-view-fed-raises-interest-rates-leaves-door-open-to-another-increase.md) | +0.6% | +2.1% |
| DXY | 2023-01-01 | [Fed raises interest rates half a point to highest level in 15 years](https://feedsoft.ai/events/38155-fed-raises-interest-rates-half-a-point-to-highest-level-in-15-years.md) | -1.0% | -2.0% |
| DXY | 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) | -0.3% | -0.3% |

## Sources

- reuters.com: https://www.reuters.com/article/business/instant-view-ecb-lifts-interest-rates-to-highest-since-2000-idUSKBN2Z7193/

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