The European Central Bank's interest rate decision sets borrowing costs across the euro area and is the main driver of the euro.
Actual
0.5%
Forecast
0.25%
Previous
0%
ECB Interest Rate Decision for July 21, 2022 came in at 0.5% versus 0.25% expected (previous 0%), above forecast, which was positive for the EUR.
What it meant for the EUR
The actual landed above the 0.25% forecast (0.25 above expectations). A reading above forecast is generally bullish for the EUR, and below forecast bearish. On this release the read was positive for the EUR.
New to this release? See what ECB Interest Rate Decision measures, the next release and its full history.