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 17 October 2024 12:15

Previous
3.65%
Forecast
3.4%
Actual
3.4%

Next event - Thursday 12 December 2024 13:15

Previous
3.4%
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 3.4% against a forecast of 3.4%.

Past events

Date
Forecast
Actual
Thursday 17 October 2024 12:15
3.4%
3.4%
Thursday 12 September 2024 12:15
3.65%
3.65%
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%

Economic context

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

PreviousLatest
Core Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.7%2.7%
Harmonized Index of Consumer Prices (MoM)(no change)0.3%0.3%
Consumer Price Index (EU Norm) (YoY)(no change)1%1%
Consumer Price Index (YoY)(no change)0.9%0.9%
Consumer Price Index (EU norm) (YoY)Bullish change1.5%1.6%
Industrial Production s.a. (MoM)Bearish change1.5%-2%
Employment Change (QoQ)(no change)0.2%0.2%
Gross Domestic Product s.a. (QoQ)(no change)0.4%0.4%
Gross Domestic Product s.a. (YoY)(no change)0.9%0.9%
Harmonized Index of Consumer Prices (YoY)(no change)1.8%1.8%
ZEW Survey – Current SituationBearish change-86.9-91.4
ZEW Survey – Economic SentimentBearish change13.17.4
ZEW Survey – Economic SentimentBearish change20.112.5
Harmonized Index of Consumer Prices (MoM)(no change)0.4%0.4%
Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%
Retail Sales (MoM)Bearish change1.1%0.5%
Retail Sales (YoY)Bullish change2.4%2.9%
30-y Bond AuctionBullish change3.853%3.877%
Industrial Production n.s.a. w.d.a. (YoY)Bearish change-3%-4.6%
Industrial Production s.a. (MoM)Bearish change2.6%-2.5%
Trade Balance s.a.Bearish change€22.5B€17B
Producer Price Index (MoM)Bearish change0.6%-0.6%
Producer Price Index (YoY)Bearish change-2.3%-3.4%
HCOB Composite PMIBullish change49.750
HCOB Composite PMIBullish change48.448.6
HCOB Services PMIBullish change51.451.6
HCOB Services PMIBearish change5754.9
Factory Orders n.s.a. (YoY)Bullish change-3.4%1%
Factory Orders s.a. (MoM)Bullish change-5.4%4.2%

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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