# ECB’s Nagel calls December rate hike obvious despite energy relief

> Bundesbank President and ECB Governing Council member Joachim Nagel said a December rate increase was “rather obvious.” He described the recent decline in energy prices as welcome but said the ECB would do what is needed to return inflation to 2%.

- Date: 2026-11-10 · published 2026-11-11T00:15:41.905Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/92496-ecb-s-nagel-calls-december-rate-hike-obvious-despite-energy-relief
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A likely ECB rate hike could support the euro, while lower energy costs may ease some input-cost pressure for European producers and feed buyers.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-01-25 | [Euro Forecasts Upgraded at Deutsche Bank, says ECB to Hike Rates in December](https://feedsoft.ai/events/43345-euro-forecasts-upgraded-at-deutsche-bank-says-ecb-to-hike-rates-in-december.md) | -0.9% | +0.3% |
| EURUSD | 2022-05-23 | [Euro climbs as ECB eyes rate hikes, dollar slides \| Reuters](https://feedsoft.ai/events/12687-euro-climbs-as-ecb-eyes-rate-hikes-dollar-slides-reuters.md) | +1.4% | -0.1% |
| EURUSD | 2023-01-23 | [Dollar edges lower vs euro on ECB rate hike bets \| Reuters](https://feedsoft.ai/events/37999-dollar-edges-lower-vs-euro-on-ecb-rate-hike-bets-reuters.md) | +0.2% | -1.4% |
| EURUSD | 2023-03-16 | [Euro rises, dollar falls after ECB rate decision](https://feedsoft.ai/events/10083-euro-rises-dollar-falls-after-ecb-rate-decision.md) | +2.4% | +4.3% |
| EURUSD | 2023-02-02 | [ECB raises rates, signals at least one more hike](https://feedsoft.ai/events/37538-ecb-raises-rates-signals-at-least-one-more-hike.md) | -1.7% | -2.9% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/ecbs-nagel-calls-december-rate-hike-obvious-despite-energy-relief-202611101525

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