# ECB cuts interest rates further into negative territory and relaunches stimulus | CNN Business

> The ECB cut its deposit rate by 10 basis points to minus 0.5% and said rates would stay at or below current levels until inflation converges toward 2%. It also announced €20 billion in monthly bond purchases starting in November for as long as necessary.

- Date: 2019-09-12 · published 2019-09-12T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/57283-ecb-cuts-interest-rates-further-into-negative-territory-and-relaunches-stimulus
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Deeper negative rates and renewed asset buying weaken the euro and tend to lift dollar-based commodity prices in relative terms.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-12-10 | [ECB keeps interest rates at 0, expands stimulus program](https://feedsoft.ai/events/49859-ecb-keeps-interest-rates-at-0-expands-stimulus-program.md) | +0.8% | +0.7% |
| EURUSD | 2024-05-29 | [Big moves ahead: ECB’s interest rate cut and the future of EUR/USD](https://feedsoft.ai/events/30469-big-moves-ahead-ecb-s-interest-rate-cut-and-the-future-of-eur-usd.md) | -0.0% | -1.8% |
| EURUSD | 2018-04-26 | [ECB interest rate decision due today \| Smart Currency Business](https://feedsoft.ai/events/65727-ecb-interest-rate-decision-due-today-smart-currency-business.md) | -1.7% | -4.0% |
| EURUSD | 2025-01-30 | [VIEW ECB cuts rates again, keeps door open to further easing \| Reuters](https://feedsoft.ai/events/26726-view-ecb-cuts-rates-again-keeps-door-open-to-further-easing-reuters.md) | +0.0% | -0.0% |
| EURUSD | 2019-09-12 | [European Central Bank cuts interest rates to record low - ABC News](https://feedsoft.ai/events/57284-european-central-bank-cuts-interest-rates-to-record-low-abc-news.md) | +0.5% | -0.2% |
| DXY | 2024-11-06 | [Why inflation could rise and interest rates remain elevated under a Trump presidency \| CNN Business](https://feedsoft.ai/events/27338-why-inflation-could-rise-and-interest-rates-remain-elevated-under-a-trump.md) | +1.9% | +1.5% |
| DXY | 2024-12-18 | [U.S. Federal Reserve cuts interest rates by another quarter point \| CBC News](https://feedsoft.ai/events/26852-u-s-federal-reserve-cuts-interest-rates-by-another-quarter-point-cbc-news.md) | +0.7% | +1.5% |
| DXY | 2024-05-29 | [Big moves ahead: ECB’s interest rate cut and the future of EUR/USD](https://feedsoft.ai/events/30469-big-moves-ahead-ecb-s-interest-rate-cut-and-the-future-of-eur-usd.md) | +1.1% | +2.3% |

## Sources

- cnn.com: https://www.cnn.com/2019/09/12/investing/ecb-interest-rate

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