# European Central Bank cuts interest rates to record low - ABC News

> The ECB cut its deposit rate to -0.5% and launched an open-ended quantitative easing program of €20 billion monthly from November. It is Mario Draghi's final policy decision before Christine Lagarde takes over, and the move increases pressure on the Fed and Bank of Japan to ease.

- Date: 2019-09-12 · published 2019-09-12T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/57284-european-central-bank-cuts-interest-rates-to-record-low-abc-news
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Global central bank easing pressure can weaken the dollar and the euro alike, shaping currency-driven shifts in commodity pricing and import demand.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-09-14 | [European Central Bank hikes rates to record level](https://feedsoft.ai/events/34315-european-central-bank-hikes-rates-to-record-level.md) | -0.2% | -1.7% |
| EURUSD | 2018-07-26 | [European Central Bank says rates will remain low for months \| AP News](https://feedsoft.ai/events/64242-european-central-bank-says-rates-will-remain-low-for-months-ap-news.md) | -0.1% | -0.7% |
| EURUSD | 2025-04-24 | [ECB's Rehn says central bank may need to lower interest rates, Bloomberg News reports](https://feedsoft.ai/events/25339-ecb-s-rehn-says-central-bank-may-need-to-lower-interest-rates-bloomberg-news.md) | -0.0% | -0.1% |
| EURUSD | 2019-09-12 | [European Central Bank launches new bond-buying program](https://feedsoft.ai/events/57280-european-central-bank-launches-new-bond-buying-program.md) | +0.5% | -0.2% |
| EURUSD | 2016-12-08 | [European Central Bank adds half a trillion euros in stimulus \| iNFOnews.ca](https://feedsoft.ai/events/73666-european-central-bank-adds-half-a-trillion-euros-in-stimulus-infonews-ca.md) | -0.9% | -1.8% |
| DXY | 2018-07-26 | [European Central Bank says rates will remain low for months \| AP News](https://feedsoft.ai/events/64242-european-central-bank-says-rates-will-remain-low-for-months-ap-news.md) | -0.0% | +0.7% |
| DXY | 2021-12-15 | [Latam FX drops on rising U.S. interest rate risk \| Central bank \| NDA News UK](https://feedsoft.ai/events/43877-latam-fx-drops-on-rising-u-s-interest-rate-risk-central-bank-nda-news-uk.md) | -0.1% | -1.8% |
| 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% |

## Sources

- abc.net.au: https://www.abc.net.au/news/2019-09-13/european-central-bank-ecb-cut-rates-negative-record-low/11508704

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