# ECB raises rates by unprecedented 75 basis points

> The European Central Bank raised its deposit rate from zero to 0.75% and its main refinancing rate to 1.25%, the largest single hike in its history. The move takes rates to their highest level since 2011 as inflation broadens and risks becoming entrenched.

- Date: 2022-09-08 · published 2022-09-08T12:00:00.000Z
- Category: macro · region Europe · magnitude high
- Page: https://feedsoft.ai/events/39797-ecb-raises-rates-by-unprecedented-75-basis-points
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Higher euro-zone rates can support the euro, which strengthens the feed-importing bloc's purchasing power, but traders have shown limited reaction to rate moves while energy shocks dominate. The price effect on feed ingredients is indirect.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-10-26 | [ECB raises interest rates again, cuts bank subsidies \| Reuters](https://feedsoft.ai/events/39359-ecb-raises-interest-rates-again-cuts-bank-subsidies-reuters.md) | -0.9% | +4.1% |
| 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 | 2025-09-11 | [ECB keeps rates unchanged as economy steadies – POLITICO](https://feedsoft.ai/events/23095-ecb-keeps-rates-unchanged-as-economy-steadies-politico.md) | +1.1% | -0.9% |
| EURUSD | 2020-04-30 | [ECB Monetary Policy Statement disappoints - OFX (UK)](https://feedsoft.ai/events/53880-ecb-monetary-policy-statement-disappoints-ofx-uk.md) | -0.4% | +2.0% |
| EURUSD | 2024-09-12 | [ECB dents traders' hopes for October rate cut](https://feedsoft.ai/events/28527-ecb-dents-traders-hopes-for-october-rate-cut.md) | +0.9% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/view-ecb-raises-rates-by-unprecedented-75-basis-points-2022-09-08/

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