# ECB raises interest rates by 0.5%, signals more to come

> The ECB raised its deposit rate by 50 basis points to 2%, its fourth increase of the year, and signalled further hikes. It also set out plans to stop replacing maturing bonds from its 5 trillion euro portfolio.

- Date: 2022-12-15 · published 2022-12-15T12:00:00.000Z
- Category: macro · region Euro zone · magnitude medium
- Page: https://feedsoft.ai/events/38439-ecb-raises-interest-rates-by-0-5-signals-more-to-come
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A hawkish ECB supports the euro and tightens global financial conditions, which can weigh on commodity demand. The effect on feed markets is mainly through currency and growth channels.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-10-27 | [Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)](https://feedsoft.ai/events/68668-decisions-taken-by-the-governing-council-of-the-ecb-in-addition-to-decisions.md) | -0.2% | +1.8% |
| EURUSD | 2023-02-02 | [ECB hikes rates, promises another 50 bps more in March](https://feedsoft.ai/events/37535-ecb-hikes-rates-promises-another-50-bps-more-in-march.md) | -1.7% | -2.9% |
| EURUSD | 2021-10-28 | [Euro Rises Against USD Amid Interest Rate Market Moves](https://feedsoft.ai/events/44755-euro-rises-against-usd-amid-interest-rate-market-moves.md) | -0.1% | -2.6% |
| EURUSD | 2019-05-19 | [Euro Climbs Higher as ECB pushes back Interest Rate deadline; - BBC Money](https://feedsoft.ai/events/59291-euro-climbs-higher-as-ecb-pushes-back-interest-rate-deadline-bbc-money.md) | +0.3% | +0.6% |

## Sources

- rte.ie: https://www.rte.ie/news/business/2022/1215/1341997-european-central-bank-interest-rates/

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