ECB Rate On Main Refinancing Operations

ECB Rate On Main Refinancing Operations is announced by the European Central Bank. Usually if the ECB is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the EUR. Likewise, if the ECB has a dovish view on the European economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

Most recent - Thursday 18 July 2024 12:15

Previous
4.25%
Forecast
4.25%
Actual
4.25%

Next event - Thursday 12 September 2024 12:15

Previous
4.25%
Forecast
-
Actual
-

The typical/expected impact on EUR pairs is high.

There is no forecast value for ECB Rate On Main Refinancing Operations yet - check back for updates.

Trading range

Forecast history

The most recent announced value for ECB Rate On Main Refinancing Operations was 4.25% against a forecast of 4.25%.

Past events

Date
Forecast
Actual
Thursday 18 July 2024 12:15
4.25%
4.25%
Thursday 6 June 2024 12:15
4.25%
4.25%
Thursday 11 April 2024 12:15
4.5%
4.5%
Thursday 7 March 2024 13:15
4.5%
4.5%
Thursday 25 January 2024 13:15
4.5%
4.5%
Thursday 14 December 2023 13:15
4.5%
4.5%
Thursday 26 October 2023 12:15
4.5%
4.5%
Thursday 14 September 2023 12:15
4.25%
4.5%
Thursday 27 July 2023 12:15
4.25%
4.25%
Thursday 15 June 2023 12:15
4%
4%
Thursday 4 May 2023 12:15
3.75%
3.75%
Thursday 16 March 2023 13:15
3.5%
3.5%
Thursday 2 February 2023 13:15
3%
3%
Thursday 15 December 2022 13:15
2.5%
2.5%
Thursday 27 October 2022 12:15
2%
2%
Thursday 8 September 2022 12:15
1.25%
1.25%
Thursday 21 July 2022 12:15
0.25%
0.5%
Thursday 9 June 2022 11:45
0%
0%
Thursday 14 April 2022 11:45
0%
0%
Thursday 10 March 2022 12:45
0%
0%
Thursday 3 February 2022 12:45
0%
0%
Thursday 16 December 2021 12:45
-
0%
Thursday 28 October 2021 11:45
0%
0%
Thursday 9 September 2021 11:45
0%
0%

Economic context

Recent economic data has been moderately bearish for EUR. Other recent announcements which may affect the market's interpretation of the next ECB Rate On Main Refinancing Operations result:

PreviousLatest
Employment Change (QoQ)(no change)0.2%0.2%
Gross Domestic Product s.a. (QoQ)Bearish change0.3%0.2%
Gross Domestic Product s.a. (YoY)(no change)0.6%0.6%
Industrial Production n.s.a. w.d.a. (YoY)Bearish change-3.7%-5.3%
Industrial Production s.a. (MoM)Bearish change1.7%-2.4%
Trade Balance s.a.Bearish change€20.4B€16.8B
Retail Sales (MoM)Bullish change-0.4%0.1%
Retail Sales (YoY)Bullish change-0.4%-0.1%
Factory Orders n.s.a. (YoY)Bullish change-11.2%3.7%
Factory Orders s.a. (MoM)Bearish change4.6%2.9%
Producer Price Index (MoM)Bullish change0.6%0.8%
Producer Price Index (YoY)Bullish change-3.3%-2.1%
HCOB Composite PMIBearish change51.251
HCOB Composite PMIBearish change48.548.4
HCOB Services PMIBearish change51.451.2
HCOB Services PMIBullish change53.954.6
Gross Domestic Product (QoQ)(no change)0.2%0.2%
Gross Domestic Product (YoY)(no change)0.9%0.9%
HCOB Manufacturing PMIBullish change42.142.4
HCOB Manufacturing PMIBullish change47.449.4
HCOB Manufacturing PMIBearish change5150.5
Core Harmonized Index of Consumer Prices (MoM)Bullish change-0.2%0.3%
Core Harmonized Index of Consumer Prices (YoY)Bearish change2.9%2.8%
Harmonized Index of Consumer Prices (MoM)Bullish change0%0.2%
Harmonized Index of Consumer Prices (YoY)Bearish change2.6%2.2%
Unemployment RateBullish change6.5%6.4%
Consumer Price Index (EU Norm) (YoY)Bearish change1.6%1.3%
Consumer Price Index (YoY)Bearish change1.3%1.1%
Unemployment ChangeBullish change18K2K
Unemployment Rate s.a.(no change)6%6%
Consumer Price Index (EU norm) (YoY)Bearish change2.7%2.2%
Consumer Price Index (MoM)Bearish change0.3%-0.1%
Consumer Price Index (YoY)Bearish change2.3%1.9%
Harmonized Index of Consumer Prices (MoM)Bearish change0.5%-0.2%
Harmonized Index of Consumer Prices (YoY)Bearish change2.6%2%
Business ClimateBearish change-0.61-0.62
Consumer ConfidenceBearish change-13.4-13.5
Economic Sentiment IndicatorBullish change9696.6
Harmonized Index of Consumer Prices (YoY)Bearish change2.9%2.4%
Gross Domestic Product (QoQ)(no change)-0.1%-0.1%
Gross Domestic Product (YoY)Bullish change-0.1%0%
Gross Domestic Product w.d.a (YoY)(no change)0.3%0.3%
GfK Consumer Confidence SurveyBearish change-18.6-22
IFO – Business ClimateBearish change8786.6
IFO – Current AssessmentBearish change87.186.5
IFO – ExpectationsBearish change8786.8

About ECB Rate On Main Refinancing Operations

Country:Eurozone
Currency:EUR
Source:European Central Bank
Category:Interest Rates
Frequency:Weekly/week-based
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