# European Central Bank slows rate hikes but vows more ahead | AP News

> 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.

- Date: 2022-12-15 · published 2022-12-15T12:00:00.000Z
- Category: macro · region Euro zone · magnitude medium
- Page: https://feedsoft.ai/events/38437-european-central-bank-slows-rate-hikes-but-vows-more-ahead-ap-news
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## 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.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-06-15 | [European Central Bank hikes rates again and vows more after US Fed hits pause \| AP News](https://feedsoft.ai/events/35700-european-central-bank-hikes-rates-again-and-vows-more-after-us-fed-hits-pause.md) | +0.9% | +3.5% |
| EURUSD | 2022-07-21 | [Europe's central bank backs larger-than-expected rate hike \| AP News](https://feedsoft.ai/events/40711-europe-s-central-bank-backs-larger-than-expected-rate-hike-ap-news.md) | -1.1% | -0.5% |
| EURUSD | 2024-01-25 | [European Central Bank holds rates steady, gives no hint at cuts ahead](https://feedsoft.ai/events/32341-european-central-bank-holds-rates-steady-gives-no-hint-at-cuts-ahead.md) | -0.4% | -0.8% |
| EURUSD | 2026-04-30 | [European Central Bank keeps rates on hold as inflation jumps](https://feedsoft.ai/events/19941-european-central-bank-keeps-rates-on-hold-as-inflation-jumps.md) | +0.5% | -0.4% |
| EURUSD | 2022-06-09 | [European Central Bank confirms July rate hike plans, raises inflation projections](https://feedsoft.ai/events/41163-european-central-bank-confirms-july-rate-hike-plans-raises-inflation-projections.md) | -3.3% | -5.2% |

## Sources

- apnews.com: https://apnews.com/article/inflation-europe-business-european-central-bank-14fb0276e8dc68d295043cc1a0d7091e

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