# European Central Bank confirms July rate hike plans, raises inflation projections

> The ECB confirmed it will raise its key interest rates by 25 basis points at its July meeting after euro area inflation hit a record 8.1% in May. It also expects a further hike in September and downgraded its growth forecasts due to the war in Ukraine and sanctions.

- Date: 2022-06-09 · published 2022-06-09T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41163-european-central-bank-confirms-july-rate-hike-plans-raises-inflation-projections
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Tighter ECB policy strengthens the euro relative to some currencies at the margin but raises recession risk in Europe, which can soften feed demand and livestock output.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-06-15 | [European Central Bank raises rates by 25 basis points at June 2023 meeting](https://feedsoft.ai/events/35702-european-central-bank-raises-rates-by-25-basis-points-at-june-2023-meeting.md) | +0.9% | +3.5% |
| EURUSD | 2022-12-15 | [European Central Bank slows rate hikes but vows more ahead \| AP News](https://feedsoft.ai/events/38437-european-central-bank-slows-rate-hikes-but-vows-more-ahead-ap-news.md) | -0.5% | +1.5% |
| 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 | 2026-09-01 | [Euro zone inflation rises above 3%, cementing ECB rate hike bets \| Reuters](https://feedsoft.ai/events/17697-euro-zone-inflation-rises-above-3-cementing-ecb-rate-hike-bets-reuters.md) | +0.1% | -2.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/06/09/european-central-bank-confirms-july-rate-hike-plans-raises-inflation-projections.html

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