# ECB cites inflation-dampening euro rate as policy factor

> ECB chief Mario Draghi said the central bank must account for weaker inflation caused by the strong euro, which rallied 13% against the dollar this year. The bank kept rates at record lows and confirmed asset purchases of 60 billion euros a month until at least December.

- Date: 2017-09-07 · published 2017-09-07T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/69161-ecb-cites-inflation-dampening-euro-rate-as-policy-factor
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The strong euro is pushing the ECB toward a slower stimulus exit, keeping the euro firm and the dollar weaker, which influences dollar-priced commodity values and EU import costs.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-12-18 | [EUR/USD rebounds as ECB holds rates and US inflation cools](https://feedsoft.ai/events/21719-eur-usd-rebounds-as-ecb-holds-rates-and-us-inflation-cools.md) | +0.3% | -1.3% |
| EURUSD | 2024-07-31 | [EUR/USD rises to 1.0830 as Eurozone Inflation accelerates, Fed policy eyed — Octa](https://feedsoft.ai/events/29486-eur-usd-rises-to-1-0830-as-eurozone-inflation-accelerates-fed-policy-eyed-octa.md) | +1.1% | +3.2% |
| EURUSD | 2024-05-31 | [Eurozone inflation accelerates in May: Are ECB rate cuts in doubt? \| Euronews](https://feedsoft.ai/events/30466-eurozone-inflation-accelerates-in-may-are-ecb-rate-cuts-in-doubt-euronews.md) | +0.4% | -1.2% |
| 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 | 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% |
| DXY | 2025-12-18 | [EUR/USD rebounds as ECB holds rates and US inflation cools](https://feedsoft.ai/events/21719-eur-usd-rebounds-as-ecb-holds-rates-and-us-inflation-cools.md) | -0.6% | -0.1% |
| DXY | 2024-07-31 | [EUR/USD rises to 1.0830 as Eurozone Inflation accelerates, Fed policy eyed — Octa](https://feedsoft.ai/events/29486-eur-usd-rises-to-1-0830-as-eurozone-inflation-accelerates-fed-policy-eyed-octa.md) | -0.5% | -1.9% |
| DXY | 2024-05-31 | [Eurozone inflation accelerates in May: Are ECB rate cuts in doubt? \| Euronews](https://feedsoft.ai/events/30466-eurozone-inflation-accelerates-in-may-are-ecb-rate-cuts-in-doubt-euronews.md) | +0.3% | +1.8% |

## Sources

- timesofmalta.com: https://timesofmalta.com/article/no-change-to-interest-rates-ecb.657460

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