# ECB slows rate hike pace but signals more to come

> The ECB slowed its pace of interest rate increases after a record-size hike in earlier months, citing a barely growing euro zone economy and tightening bank credit. Policymakers signaled further tightening remained likely.

- Date: 2023-05-03 · published 2023-05-03T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/36153-ecb-slows-rate-hike-pace-but-signals-more-to-come
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Slower ECB tightening reduces the euro's rate advantage and can weigh on the currency, indirectly influencing dollar-priced feed ingredient costs for European buyers.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2025-04-17 | [Markets see door wide open for more ECB rate cuts on tariff hit](https://feedsoft.ai/events/25335-markets-see-door-wide-open-for-more-ecb-rate-cuts-on-tariff-hit.md) | -0.3% | -1.5% |
| EURUSD | 2026-06-19 | [The Euro sinks on its own rate hike](https://feedsoft.ai/events/11515-the-euro-sinks-on-its-own-rate-hike.md) | -0.6% | -0.5% |
| EURUSD | 2016-10-11 | [Dollar climbs to 7-month peak on rate hike bets; pound plunges](https://feedsoft.ai/events/5892-dollar-climbs-to-7-month-peak-on-rate-hike-bets-pound-plunges.md) | -1.4% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/business/finance/ecb-raise-interest-rates-seventh-time-inflation-fight-2023-05-03/

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