# Interview with Handelsblatt

> ECB Executive Board member Fabio Panetta said the December rate increase was based on projections that inflation would stay above target until mid-2025, and that a similar step was reasonable in February. He argued against unconditional forward guidance beyond February, favouring a data-driven approach.

- Date: 2023-01-24 · published 2023-01-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/38001-interview-with-handelsblatt
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Data-dependent ECB guidance keeps euro interest rate expectations volatile, which feeds through to currency moves that affect dollar-denominated feed commodity prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-05-26 | [Interview with Nikkei](https://feedsoft.ai/events/47294-interview-with-nikkei.md) | -0.2% | -2.3% |
| EURUSD | 2022-05-26 | [ECB policy indicates the euro will avoid parity with the dollar \| FrontierView](https://feedsoft.ai/events/41610-ecb-policy-indicates-the-euro-will-avoid-parity-with-the-dollar-frontierview.md) | +0.7% | -1.1% |
| EURUSD | 2023-03-26 | [Euro rally puts $1.10 in sight with ECB now last hawk standing - Moneyweb](https://feedsoft.ai/events/37077-euro-rally-puts-1-10-in-sight-with-ecb-now-last-hawk-standing-moneyweb.md) | +1.0% | +2.0% |
| EURUSD | 2022-07-13 | [ECB is 'attentive' to exchange rate as euro hits parity with dollar \| Reuters](https://feedsoft.ai/events/40709-ecb-is-attentive-to-exchange-rate-as-euro-hits-parity-with-dollar-reuters.md) | +1.7% | +1.6% |
| EURUSD | 2023-07-27 | [Instant view: ECB lifts interest rates to highest since 2000 \| Reuters](https://feedsoft.ai/events/35245-instant-view-ecb-lifts-interest-rates-to-highest-since-2000-reuters.md) | -1.3% | -1.9% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230124~f50d72e488.en.html

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