ECB monetary policy decisions | Forex Factory

  • ECB monetary policy decisions

    From ecb.europa.eu

    The Governing Council today decided to keep the three key ECB interest rates unchanged. Inflation is currently at the 2% medium-term target. The incoming information is broadly in line with the Governing Council’s previous assessment of the inflation outlook. Domestic price pressures have continued to ease, with wages growing more slowly. Partly reflecting the Governing Council’s past interest rate cuts, the economy has so far proven resilient overall in a challenging global environment. At the same time, the environment remains exceptionally uncertain, especially because of trade disputes. The Governing Council ... (full story)

Added at 7:25am

  • ECB holds rates steady as Trump tariffs cloud outlook

    From euractiv.com

    The European Central Bank (ECB) held interest rates at the same level for the first time in more than a year on Thursday, amid persistent concerns about the impact of US tariffs on eurozone growth and the inflation outlook. The move, which was widely anticipated by investors and analysts, means the ECB’s key interest rate remains at 2%: half the record high of 4% reached in 2023 and held for much of 2024. Analysts currently anticipate at least one more 0.25 percentage point cut before the end of 2025, with most expecting the move to come at the ECB’s next meeting in September. Until Thursday, the Governing ... (full story)

Comment Options
CycleGF
Jul 24, 2025 7:20am
Permalink
EU Rate 2.15 Vs. USD rate @ 4.5 no wonder, is driving Trump Mad...... Why the US rate is so high ????? I dont blame Trump to be honest....There is something wrong with Powell LOL

I think there will be some big action at 20:00 GMT when Trump visits the Fed.... that 4.5 rate looks rediculous
Reply
Momofrmnyc
Jul 24, 2025 7:38am
Permalink
Quoting CycleGF
EU Rate 2.15 Vs. USD rate @ 4.5 no wonder, is driving Trump Mad...... Why the US rate is so high ????? I dont blame Trump to be honest....There is something wrong with Powell LOL I think there will be some big action at 20:00 GMT when Trump visits the Fed.... that 4.5 rate looks rediculous
Have you not seen the data? Have you not listened to any speeches/text from the FED? Is it easier to repeat Trump talking points of wanting lower rates?

How about this why don't you give us a reason why they should lower it? Please don't compare the EUR rates to USD when the USD economy is functioning much better. Also the FED is not 1 member. Powell is just one vote out of many.
Polimini
Jul 24, 2025 8:10am
Permalink
called it.

no major impact, it's what everybody was expecting
Reply
Akasfx
Jul 24, 2025 7:16am
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Does that mean more weakening on usd
Reply
Trader#0C41
Jul 24, 2025 7:26am
Permalink
Quoting CycleGF
EU Rate 2.15 Vs. USD rate @ 4.5 no wonder, is driving Trump Mad...... Why the US rate is so high ????? I dont blame Trump to be honest....There is something wrong with Powell LOL I think there will be some big action at 20:00 GMT when Trump visits the Fed.... that 4.5 rate looks rediculous
is this why nq is dumping ?
Reply
Anon12345678
Jul 24, 2025 7:30am
Permalink
No reason to lower rates with increasing inflation from tariffs.
Reply
Trader#5D23
Jul 24, 2025 7:39am
Permalink
Quoting CycleGF
EU Rate 2.15 Vs. USD rate @ 4.5 no wonder, is driving Trump Mad...... Why the US rate is so high ????? I dont blame Trump to be honest....There is something wrong with Powell LOL I think there will be some big action at 20:00 GMT when Trump visits the Fed.... that 4.5 rate looks rediculous
Rates should be way higher, actually. Something that the free market is suggesting, however constant central banks interference doesn't allow rates to go higher. This is highly negative for the USD, as can be seen.

They are both clueless, Powell and Trump. The biggest mistake the Fed has done is to lower rates in the first place. Reaction in the debt market was clearly suggesting that lowering rates was a mistake and that the Fed is underestimating the inflation problem.

This will not end well. Fed was wrong about not continuing raising rates and was wrong to start lowering rates. I'm afraid that even if the Fed starts doing what has to be done, raising rates, it might be too late as the economy is clearly slowing down.

As said, this won't end well whatever the Fed does at this point. They will of course continue inflating the bubble, as deflating it isn't what the current administration or the Fed want to witness.
Reply
AhmadHans
Jul 24, 2025 7:42am
Permalink
What is the impact of this ecb?
Reply
Trader#5D23
Jul 24, 2025 7:21am
Permalink
Week or two before the Fed is always boring.
Reply

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