# ECB keeps interest rates at 0, expands stimulus program

> The ECB kept its deposit rate at -0.5 percent and its refinancing rate at 0 percent on December 10. It expanded its emergency bond-buying programme by €500 billion to €1.85 trillion and extended it to March 2022. The decisions were broadly in line with market expectations.

- Date: 2020-12-10 · published 2020-12-10T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/49859-ecb-keeps-interest-rates-at-0-expands-stimulus-program
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Because the moves were largely priced in, the immediate market effect is limited. The ongoing liquidity support still favors a weaker euro over time, which matters for dollar-based commodity prices.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-09-14 | [ECB raises interest rates by 0.25%](https://feedsoft.ai/events/34318-ecb-raises-interest-rates-by-0-25.md) | -0.2% | -1.7% |
| EURUSD | 2019-09-12 | [ECB cuts interest rates further into negative territory and relaunches stimulus \| CNN Business](https://feedsoft.ai/events/57283-ecb-cuts-interest-rates-further-into-negative-territory-and-relaunches-stimulus.md) | +0.5% | -0.2% |
| EURUSD | 2018-06-14 | [ECB to end crisis-era stimulus programme in December](https://feedsoft.ai/events/64729-ecb-to-end-crisis-era-stimulus-programme-in-december.md) | -1.6% | -0.8% |
| EURUSD | 2023-09-14 | [Euro Falls After ECB Hikes Interest Rates \| Morningstar](https://feedsoft.ai/events/34316-euro-falls-after-ecb-hikes-interest-rates-morningstar.md) | -0.2% | -1.7% |
| 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% |

## Sources

- dw.com: https://www.dw.com/en/ecb-keeps-interest-rates-at-0-expands-stimulus-program/a-55894541

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