# ECB raises rates again, outlines balance sheet run off

> The European Central Bank raised its deposit rate to 2% from 1.5%, a 50 basis point move that was widely expected. It said rates would need to rise further and laid out plans to shrink its balance sheet by about 15 billion euros a month from March 2023.

- Date: 2022-12-15 · published 2022-12-15T12:00:00.000Z
- Category: macro · region Euro zone · magnitude medium
- Page: https://feedsoft.ai/events/38435-ecb-raises-rates-again-outlines-balance-sheet-run-off
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Tighter euro-zone policy supports the euro against the dollar and raises financing costs for the region's economy, which can soften demand for feed and other imports over time. The effect on grain prices is indirect.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-12-15 | [ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet](https://feedsoft.ai/events/38438-ecb-hikes-rates-sees-significant-increases-ahead-as-it-announces-plan-to-shrink.md) | -0.5% | +1.5% |
| EURUSD | 2025-03-05 | [VIEW ECB cuts rates again, euro rallies](https://feedsoft.ai/events/5805-view-ecb-cuts-rates-again-euro-rallies.md) | +1.5% | +0.9% |
| EURUSD | 2023-02-02 | [ECB raises rates, signals at least one more hike](https://feedsoft.ai/events/37538-ecb-raises-rates-signals-at-least-one-more-hike.md) | -1.7% | -2.9% |
| EURUSD | 2016-11-16 | [South European bonds sell off as ECB rises up the agenda](https://feedsoft.ai/events/9136-south-european-bonds-sell-off-as-ecb-rises-up-the-agenda.md) | -1.0% | -0.7% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/ecb-raises-rates-again-outlines-balance-sheet-run-off-2022-12-15/

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