ECB Interest Rate Decision comes in at 2.65% against 2.65% consensus

The European Central Bank (ECB) today announced its latest Interest Rate Decision, with the rate coming in at 2.65%. This figure matched the market consensus of 2.65%. The previous interest rate stood at 2.4%. The release showed a 0.0% surprise versus the consensus expectation.

Following the announcement, the euro saw varied movements against major pairs. Fifteen minutes after the release, EURAUD was up 29 pips, EURCAD was up 5.9 pips, EURCHF gained 7.7 pips, and EURGBP rose 3.4 pips. EURJPY was up 18 pips, EURNZD gained 46 pips, and EURUSD was up 6.1 pips. For context, the median 1-hour move after past ECB Interest Rate Decisions has been 28 pips for EURAUD, 31 pips for EURCAD, 9 pips for EURCHF, 14 pips for EURGBP, 27 pips for EURJPY, 34 pips for EURNZD, and 26 pips for EURUSD. The current moves for EURCAD, EURCHF, EURGBP, EURJPY, and EURUSD are smaller than their respective median 1-hour historical moves. EURAUD’s move of 29 pips is slightly above its median 1-hour move of 28 pips. EURNZD’s move of 46 pips is notably higher than its median 1-hour move of 34 pips.