# ECB rate decision July 2023: raises rates by 25 basis points

> The ECB raised its main rate by a quarter point to 3.75% on July 27 and said inflation remains too high for too long. It gave no forward guidance but raised the possibility of a September pause. Markets had expected the move.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/35248-ecb-rate-decision-july-2023-raises-rates-by-25-basis-points
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Tighter euro-area financing conditions weigh on the euro and can slow European livestock and feed investment. The effect on grain and oilseed prices is indirect.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-07-20 | [Dollar rises vs euro as traders eye ECB rate decision](https://feedsoft.ai/events/40712-dollar-rises-vs-euro-as-traders-eye-ecb-rate-decision.md) | -1.2% | -0.6% |
| EURUSD | 2018-04-26 | [ECB interest rate decision due today \| Smart Currency Business](https://feedsoft.ai/events/65727-ecb-interest-rate-decision-due-today-smart-currency-business.md) | -1.7% | -4.0% |
| EURUSD | 2024-12-12 | [ECB Press Conference: Lagarde comments on outlook after cutting interest rates by 25 bps](https://feedsoft.ai/events/27179-ecb-press-conference-lagarde-comments-on-outlook-after-cutting-interest-rates.md) | -0.4% | -2.6% |
| EURUSD | 2017-10-28 | [ECB Decision, Draghi Comments Sink Euro \| Nasdaq](https://feedsoft.ai/events/68671-ecb-decision-draghi-comments-sink-euro-nasdaq.md) | +0.3% | +2.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2023/07/27/ecb-rate-decision-july-2023-raises-rates-by-25-basis-points.html

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