# ECB opens door to 2022 rate hike in policy turnaround

> The ECB signalled it could raise interest rates in 2022, reversing its earlier guidance that rates would stay unchanged this year. The shift came after inflation surprised to the upside.

- Date: 2022-02-03 · published 2022-02-03T12:00:00.000Z
- Category: macro · region Euro Zone · magnitude medium
- Page: https://feedsoft.ai/events/9870-ecb-opens-door-to-2022-rate-hike-in-policy-turnaround
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A hawkish ECB strengthens the euro and weakens the dollar, which tends to support dollar-priced grains and oilseeds while tightening financing conditions for European livestock and feed operators.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-02-04 | 5 | +2.6% | 3.5 | The ECB's reversal of guidance to allow a 2022 rate hike lifted euro yield expectations and drove EUR/USD higher. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-09-07 | [ECB cites inflation-dampening euro rate as policy factor](https://feedsoft.ai/events/69161-ecb-cites-inflation-dampening-euro-rate-as-policy-factor.md) | -0.4% | -1.5% |
| EURUSD | 2023-03-15 | [ECB cuts through bank turmoil to keep rate hike pledge \| Reuters](https://feedsoft.ai/events/37073-ecb-cuts-through-bank-turmoil-to-keep-rate-hike-pledge-reuters.md) | +0.4% | +1.7% |
| EURUSD | 2018-03-20 | [Euro Rally Could "Extend in Coming Days" - Analysts React to Reports of Shift in ECB Interest Rate Policy](https://feedsoft.ai/events/66202-euro-rally-could-extend-in-coming-days-analysts-react-to-reports-of-shift-in.md) | +0.9% | +0.4% |
| EURUSD | 2022-07-21 | [ECB hikes rates, throws lifeline to indebted countries](https://feedsoft.ai/events/40710-ecb-hikes-rates-throws-lifeline-to-indebted-countries.md) | -1.1% | -0.5% |
| EURUSD | 2023-06-15 | [ECB in no mood to pause after lifting rates to 22-year high](https://feedsoft.ai/events/35699-ecb-in-no-mood-to-pause-after-lifting-rates-to-22-year-high.md) | +0.9% | +3.5% |
| DXY | 2017-09-07 | [ECB cites inflation-dampening euro rate as policy factor](https://feedsoft.ai/events/69161-ecb-cites-inflation-dampening-euro-rate-as-policy-factor.md) | +0.2% | +1.6% |
| DXY | 2023-03-15 | [ECB cuts through bank turmoil to keep rate hike pledge \| Reuters](https://feedsoft.ai/events/37073-ecb-cuts-through-bank-turmoil-to-keep-rate-hike-pledge-reuters.md) | -0.1% | -1.2% |
| DXY | 2024-01-10 | [Exchange rate to ease in 2024](https://feedsoft.ai/events/32424-exchange-rate-to-ease-in-2024.md) | +1.1% | +1.0% |

## Sources

- reuters.com: https://www.reuters.com/business/ecb-seen-hold-may-acknowledge-inflation-risks-2022-02-02/

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