# ECB hawks play down change in rate language as doves claim small win -sources

> ECB policymakers were divided over whether a change in rate guidance was significant, with hawks downplaying it and doves claiming a small win. Doves pointed to falling commodity and natural gas prices and clear signs of a euro-zone recession.

- Date: 2022-10-27 · published 2022-10-27T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/39361-ecb-hawks-play-down-change-in-rate-language-as-doves-claim-small-win-sources
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Signs of a euro-zone recession and lower energy prices point to weaker European demand and a softer outlook for the euro, which could reduce import demand for feed inputs.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-07-13 | [ECB is 'attentive' to exchange rate as euro hits parity with dollar \| Reuters](https://feedsoft.ai/events/40709-ecb-is-attentive-to-exchange-rate-as-euro-hits-parity-with-dollar-reuters.md) | +1.7% | +1.6% |
| EURUSD | 2019-07-26 | [The Euro-Dollar Rate is In Line for Forecast Downgrades as ECB Eyes Stimulus](https://feedsoft.ai/events/58314-the-euro-dollar-rate-is-in-line-for-forecast-downgrades-as-ecb-eyes-stimulus.md) | -0.8% | -0.6% |
| EURUSD | 2021-03-05 | [Exchange Rates Today 05.03.2021: Pound And Euro Fall As Dollar Soars As Powell Ignores Inflation And Rates](https://feedsoft.ai/events/11418-exchange-rates-today-05-03-2021-pound-and-euro-fall-as-dollar-soars-as-powell.md) | -0.6% | -2.3% |
| EURUSD | 2024-11-06 | [Euro (EUR/USD) Parity Back in Play as Trump Win Spurs Rates Divergence - Bloomberg](https://feedsoft.ai/events/5807-euro-eur-usd-parity-back-in-play-as-trump-win-spurs-rates-divergence-bloomberg.md) | -3.2% | -3.2% |
| EURUSD | 2021-07-21 | [ECB pledges low rates for longer as virus casts shadow over growth](https://feedsoft.ai/events/46291-ecb-pledges-low-rates-for-longer-as-virus-casts-shadow-over-growth.md) | +0.5% | -0.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/ecb-hawks-play-down-change-rate-language-doves-claim-small-win-sources-2022-10-27/

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