# Investors increase bets on ECB lifting rates to all-time high

> Investors are pricing the ECB deposit rate to rise to 3.75% by September from 2.5%, matching the 2001 peak. The move follows resilient eurozone services activity and wage demands, with ECB president Lagarde watching negotiated wages closely.

- Date: 2023-02-22 · published 2023-02-22T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/37539-investors-increase-bets-on-ecb-lifting-rates-to-all-time-high
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of higher euro rates tend to support the euro and can firm the currency against the dollar, a mild headwind for dollar-priced commodities.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-06-15 | [ECB in no mood to pause after lifting rates to 22-year high](https://feedsoft.ai/events/35699-ecb-in-no-mood-to-pause-after-lifting-rates-to-22-year-high.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 | 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 | 2026-09-01 | [Euro zone inflation rises above 3%, cementing ECB rate hike bets \| Reuters](https://feedsoft.ai/events/17697-euro-zone-inflation-rises-above-3-cementing-ecb-rate-hike-bets-reuters.md) | +0.1% | -2.4% |
| EURUSD | 2023-01-23 | [Dollar edges lower vs euro on ECB rate hike bets \| Reuters](https://feedsoft.ai/events/37999-dollar-edges-lower-vs-euro-on-ecb-rate-hike-bets-reuters.md) | +0.2% | -1.4% |

## Sources

- ft.com: https://www.ft.com/content/fba2101e-aa62-4f73-ad8a-958e442234a9?syn-25a6b1a6=1

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