# ECB Keep Rates Steady with Tentative Inflation Downgrades, EUR/USD Rises

> The ECB kept rates steady and cut its inflation forecasts, and EUR/USD rose. The page also shows several unrelated market snapshots, including oil and gold items with 2024 timestamps.

- Date: 2023-12-14 · published 2023-12-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/8302-ecb-keep-rates-steady-with-tentative-inflation-downgrades-eur-usd-rises
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A softer ECB inflation outlook weakens the case for tight European policy and moves the euro against the dollar, affecting the dollar value of feed commodity trade.

## Read by commodity

- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2023-12-14 | 1 | +1.9% | 3.9 | ECB holding rates steady coincided with EUR/USD rising, though the lowered inflation forecasts are mildly dovish and the contribution is less direct. |

## 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 | 2026-07-24 | [ECB holds rates steady: Why is the Euro rising?](https://feedsoft.ai/events/18562-ecb-holds-rates-steady-why-is-the-euro-rising.md) | +1.3% | +2.7% |
| EURUSD | 2021-08-31 | [What Does the Higher Eurozone Inflation Have in Store for the EUR/USD?](https://feedsoft.ai/events/45766-what-does-the-higher-eurozone-inflation-have-in-store-for-the-eur-usd.md) | +0.5% | -1.0% |
| 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 | 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% |

## Sources

- dailyfx.com: https://www.dailyfx.com/news/ecb-keep-rates-steady-with-tentative-inflation-downgrades-eur-usd-rises-20231214.html

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