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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 11 April 2024 12:15

Previous
4.5%
Forecast
4.5%
Actual
4.5%

Next event - Thursday 6 June 2024 12:15

Previous
4.5%
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 4.5% against a forecast of 4.5%.

Past events

Date
Forecast
Actual
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%
Thursday 22 July 2021 11:45
0%
0%
Thursday 10 June 2021 11:45
0%
0%

Economic context

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

PreviousLatest
Unemployment Rate(no change)6.5%6.5%
HCOB Manufacturing PMIBullish change42.242.5
HCOB Manufacturing PMIBearish change50.447.3
HCOB Manufacturing PMIBullish change51.452.2
Core Harmonized Index of Consumer Prices (MoM)Bearish change1.1%0.7%
Core Harmonized Index of Consumer Prices (YoY)Bearish change2.9%2.7%
Gross Domestic Product s.a. (QoQ)Bullish change0%0.3%
Gross Domestic Product s.a. (YoY)Bullish change0.1%0.4%
Harmonized Index of Consumer Prices (MoM)Bearish change0.8%0.6%
Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%
Consumer Price Index (EU Norm) (YoY)Bearish change1.2%1%
Consumer Price Index (YoY)Bearish change1.2%0.9%
Gross Domestic Product (QoQ)Bullish change-0.3%0.2%
Gross Domestic Product (YoY)(no change)-0.2%-0.2%
Gross Domestic Product w.d.a (YoY)Bearish change-0.4%-0.9%
Gross Domestic Product (QoQ)Bullish change0.1%0.3%
Gross Domestic Product (YoY)Bearish change0.7%0.6%
Unemployment ChangeBearish change4K10K
Unemployment Rate s.a.(no change)5.9%5.9%
Gross Domestic Product - Estimated (QoQ)Bullish change0.6%0.7%
Consumer Price Index (EU norm) (YoY)(no change)2.4%2.4%
Retail Sales (MoM)Bullish change-1.9%1.8%
Retail Sales (YoY)Bullish change-2.7%0.3%
Gross Domestic Product (QoQ)Bullish change0.1%0.2%
Consumer Price Index (MoM)Bullish change0.4%0.5%
Consumer Price Index (YoY)(no change)2.2%2.2%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%
Harmonized Index of Consumer Prices (YoY)Bullish change2.3%2.4%
Business ClimateBearish change-0.32-0.53
Consumer Confidence(no change)-14.7-14.7
Economic Sentiment IndicatorBearish change96.295.6
Harmonized Index of Consumer Prices (YoY)Bullish change3.3%3.4%
GfK Consumer Confidence SurveyBullish change-27.3-24.2
IFO – Business ClimateBullish change87.989.4
IFO – Current AssessmentBullish change88.188.9
IFO – ExpectationsBullish change87.789.9
HCOB Composite PMIBullish change50.351.4
HCOB Manufacturing PMIBearish change46.145.6
HCOB Services PMIBullish change51.552.9
HCOB Composite PMIBullish change47.750.5
HCOB Manufacturing PMIBullish change41.942.2
HCOB Services PMIBullish change50.153.3
HCOB Composite PMIBullish change48.349.9
HCOB Manufacturing PMIBearish change46.244.9
HCOB Services PMIBullish change48.350.5
Consumer ConfidenceBullish change-14.9-14.7

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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