# Euro Forecasts Upgraded at Deutsche Bank, says ECB to Hike Rates in December

> Deutsche Bank now expects the ECB to begin raising rates with a 25bp hike in December 2022, in line with money-market pricing for a hike by year-end. The bank says EUR/USD could rise materially above 1.20 next year if the Fed's hiking path does not accelerate. Euro-area inflation was 5.0% in December 2021.

- Date: 2022-01-25 · published 2022-01-25T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/43345-euro-forecasts-upgraded-at-deutsche-bank-says-ecb-to-hike-rates-in-december
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A forecast change in euro policy shifts currency expectations, which affects dollar-denominated commodity prices and European import demand.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-09-17 | [Euro-Dollar Rate Heavy Despite Leaked ECB Inflation Forecasts](https://feedsoft.ai/events/45270-euro-dollar-rate-heavy-despite-leaked-ecb-inflation-forecasts.md) | -0.2% | -1.4% |
| EURUSD | 2022-05-23 | [EUR/USD Soars as Lagarde Talks Up Hikes, Says ECB Will Exit Negative Rates in Q3 \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/12692-eur-usd-soars-as-lagarde-talks-up-hikes-says-ecb-will-exit-negative-rates-in-q3.md) | +1.4% | -0.1% |
| EURUSD | 2026-07-30 | [Euro Rises on Strong Eurozone Data and ECB Rate Hike Bets](https://feedsoft.ai/events/7685-euro-rises-on-strong-eurozone-data-and-ecb-rate-hike-bets.md) | +1.4% | +2.3% |
| EURUSD | 2023-01-23 | [Dollar edges lower vs euro on ECB rate hike bets \| Reuters](https://feedsoft.ai/events/37999-dollar-edges-lower-vs-euro-on-ecb-rate-hike-bets-reuters.md) | +0.2% | -1.4% |
| EURUSD | 2023-03-15 | [ECB cuts through bank turmoil to keep rate hike pledge \| Reuters](https://feedsoft.ai/events/37073-ecb-cuts-through-bank-turmoil-to-keep-rate-hike-pledge-reuters.md) | +0.4% | +1.7% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eurusd/16467-euro-forecasts-upgraded-at-deutsche-bank-says-ecb-to-hike-rates-in-december

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