◂ Event Timeline

Dec 15, 2022MACROEuro zone

European Central Bank slows rate hikes but vows more ahead

The ECB slowed its record pace of rate increases on Thursday but said more hikes were coming. The decision followed the US Federal Reserve and other central banks in tightening to fight inflation.

WHY IT MATTERS

Continued tightening by major central banks supports the dollar and weighs on global growth expectations, which can limit commodity demand. Feed prices are affected only indirectly.

AFFECTSEuro (USD per EUR)▲

SOURCE
apnews.comDavid MchughDec 15, 2022

Price reaction & history

Euro (USD per EUR)▲bullishSO FAR1d -0.2%5d -0.5%20d +1.5%

After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.

Jun 15, 2023European Central Bank hikes rates again and vows more after US Fed hits pause | AP News+0.9%
Jul 21, 2022Europe's central bank backs larger-than-expected rate hike | AP News-1.1%
Jan 25, 2024European Central Bank holds rates steady, gives no hint at cuts ahead-0.4%
Apr 30, 2026European Central Bank keeps rates on hold as inflation jumps+0.5%
Jun 9, 2022European Central Bank confirms July rate hike plans, raises inflation projections-3.3%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Euro (USD per EUR) EURUSD · GP ▸

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