ECB Deposit Facility Rate comes in at 2.5%
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
The European Central Bank increased its Deposit Facility Rate to 2.5%. This marks an increase from the previous rate of 2.25%. No consensus figure was provided for this release.
Following the announcement, EUR pairs showed varied movements over the initial 15 minutes. EURAUD gained 29 pips, EURNZD rose by 46 pips, and EURJPY advanced 18 pips. EURUSD moved up 6.1 pips, EURCAD saw an increase of 5.9 pips, EURCHF gained 7.7 pips, and EURGBP was up 3.4 pips. For context, after past releases, EURAUD has a median 1-hour move of 28 pips, EURNZD 34 pips, and EURJPY 27 pips. The initial moves for EURCAD, EURCHF, EURGBP, and EURUSD are currently small when compared to their respective median 1-hour moves of 31 pips, 9 pips, 14 pips, and 26 pips after similar past releases.