# ECB in no mood to pause after lifting rates to 22-year high

> The ECB raised its policy rate by a quarter point to 3.5%, the eighth consecutive hike since July 2022 and the highest level since 2001. Officials indicated no intention to pause tightening.

- Date: 2023-06-15 · published 2023-06-15T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/35699-ecb-in-no-mood-to-pause-after-lifting-rates-to-22-year-high
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Higher euro-area rates support the euro and can cap commodity demand from European importers, a mild bearish signal for dollar-priced feed inputs. The effect on grain prices is indirect.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-02-22 | [Investors increase bets on ECB lifting rates to all-time high](https://feedsoft.ai/events/37539-investors-increase-bets-on-ecb-lifting-rates-to-all-time-high.md) | -0.5% | +1.1% |
| EURUSD | 2023-06-15 | [Euro advances, surges to 15-year peak vs yen, after ECB lifts rates](https://feedsoft.ai/events/35698-euro-advances-surges-to-15-year-peak-vs-yen-after-ecb-lifts-rates.md) | +0.9% | +3.5% |
| EURUSD | 2024-08-14 | [Euro Nears Year’s High on Bet Fed Will Cut Rates Faster Than ECB](https://feedsoft.ai/events/29016-euro-nears-year-s-high-on-bet-fed-will-cut-rates-faster-than-ecb.md) | +1.4% | +0.5% |
| EURUSD | 2017-03-13 | [Euro firms to 1-month high after ECB rate hike talk; dollar drifts - The HinduBusinessLine](https://feedsoft.ai/events/72202-euro-firms-to-1-month-high-after-ecb-rate-hike-talk-dollar-drifts-the.md) | +0.7% | -0.5% |
| EURUSD | 2022-02-03 | [EUR/USD: A new range after the ECB meeting \| articles \| ING THINK](https://feedsoft.ai/events/9872-eur-usd-a-new-range-after-the-ecb-meeting-articles-ing-think.md) | +1.2% | -2.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/ecb-raise-rates-further-even-economy-stutters-2023-06-14/

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