# ECB raises rates, signals at least one more hike

> The ECB has been raising rates at a record pace to fight inflation driven by pandemic aftereffects and the energy crisis after Russia's invasion of Ukraine. The bank has signaled at least one more hike ahead.

- Date: 2023-02-02 · published 2023-02-02T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/37538-ecb-raises-rates-signals-at-least-one-more-hike
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Continued euro-area tightening supports the euro against the dollar, which can ease dollar-based pressure on commodity prices.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-12-15 | [ECB raises interest rates by 0.5%, signals more to come](https://feedsoft.ai/events/38439-ecb-raises-interest-rates-by-0-5-signals-more-to-come.md) | -0.5% | +1.5% |
| EURUSD | 2023-02-02 | [ECB hikes rates, promises another 50 bps more in March](https://feedsoft.ai/events/37535-ecb-hikes-rates-promises-another-50-bps-more-in-march.md) | -1.7% | -2.9% |
| EURUSD | 2026-07-30 | [Euro Rises on Strong Eurozone Data and ECB Rate Hike Bets](https://feedsoft.ai/events/7685-euro-rises-on-strong-eurozone-data-and-ecb-rate-hike-bets.md) | +1.4% | +2.3% |
| EURUSD | 2022-12-15 | [ECB raises rates again, outlines balance sheet run off](https://feedsoft.ai/events/38435-ecb-raises-rates-again-outlines-balance-sheet-run-off.md) | -0.5% | +1.5% |
| EURUSD | 2022-01-25 | [Euro Forecasts Upgraded at Deutsche Bank, says ECB to Hike Rates in December](https://feedsoft.ai/events/43345-euro-forecasts-upgraded-at-deutsche-bank-says-ecb-to-hike-rates-in-december.md) | -0.9% | +0.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/ecb-raise-rates-again-face-questions-about-future-path-2023-02-01/

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