# ECB raises interest rates again, cuts bank subsidies | Reuters

> The European Central Bank raised its key rates by 75 basis points to the highest level since 2009 and made the terms of its three-year bank loans less favourable. Markets pared back some expectations for further rate hikes.

- Date: 2022-10-26 · published 2022-10-26T12:00:00.000Z
- Category: macro · region Eurozone · magnitude medium
- Page: https://feedsoft.ai/events/39359-ecb-raises-interest-rates-again-cuts-bank-subsidies-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Tighter euro-area policy strengthens the euro and lifts borrowing costs, which can weigh on feed-sector credit and eurozone demand for imported feed. The effect on grain prices is indirect.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-09-12 | [European Central Bank cuts interest rates again and lowers growth forecasts](https://feedsoft.ai/events/28530-european-central-bank-cuts-interest-rates-again-and-lowers-growth-forecasts.md) | +0.9% | -0.6% |
| EURUSD | 2025-09-11 | [Traders raise bets that the ECB is done cutting rates \| Reuters](https://feedsoft.ai/events/23093-traders-raise-bets-that-the-ecb-is-done-cutting-rates-reuters.md) | +1.1% | -0.9% |
| EURUSD | 2023-10-26 | [ECB snaps rate-hike streak, pushes back on talk of cuts \| Reuters](https://feedsoft.ai/events/33839-ecb-snaps-rate-hike-streak-pushes-back-on-talk-of-cuts-reuters.md) | -0.4% | +3.3% |
| EURUSD | 2023-10-26 | [ECB holds interest rates steady after 10 consecutive hikes](https://feedsoft.ai/events/33843-ecb-holds-interest-rates-steady-after-10-consecutive-hikes.md) | -0.4% | +3.3% |
| EURUSD | 2025-04-14 | ['Attentive' ECB can lean against euro rise \| Reuters](https://feedsoft.ai/events/25337-attentive-ecb-can-lean-against-euro-rise-reuters.md) | +0.6% | -0.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/ecb-hike-interest-rates-likely-trim-bank-subsidies-2022-10-26/

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