Forex Fundamentals
ECB Interest Rate Decision

ECB Interest Rate Decision 14 September 2023

ECB Interest Rate Decision 14 September 2023: 4.5%, above the 4.25% forecast and up from 4.25% in July 2023. It is the highest of the last 12 releases. 2 of the last 12 releases came in above the forecast. It was released on Thu 14 Sep 2023 at 12:15 UTC.

These figures were verified on 4 Oct 2026 from the source: European Central Bank. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
4.5%
Forecast
4.25%
The market consensus
Previous
4.25%
As the source gives it

What a print like this usually does

Above the forecast: A rate increase or less-dovish decision than markets expect usually strengthens the euro as expected returns rise. A surprise can cause a strong move, though guidance may reverse it.

ECB Interest Rate Decision 14 September 2023: 4.5% against a 4.25% forecast, with the last 12 releases
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Cite this release

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ECB Interest Rate Decision 14 September 2023: 4.5% vs 4.25% forecast (European Central Bank). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ecb/2023-09-14

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
14 Sep 2023—4.5%4.25%4.25%
27 Jul 2023—4.25%4.25%4%
15 Jun 2023—4%4%3.75%
4 May 2023—3.75%3.75%3.5%
16 Mar 2023—3.5%3.5%3%
2 Feb 2023—3%3%2.5%
15 Dec 2022—2.5%2.5%2%
27 Oct 2022—2%2%1.25%
8 Sep 2022—1.25%1.25%0.5%
21 Jul 2022—0.5%0.25%0%
9 Jun 2022—0%0%0%
14 Apr 2022—0.0%0%0.0%
The release before:ECB Interest Rate Decision 27 July 2023The release after:ECB Interest Rate Decision 26 October 2023ECB Interest Rate Decision: every recent resultThis week’s economic calendar