ECB Interest Rate Decision, July 2025
The European Central Bank held the deposit facility rate at 2.00% on July 24, 2025, as expected.
What the ECB decided in July 2025
EUR/USD after the ECB decision, minute by minute
One-minute candles, Frankfurt time. The box is the hour before the announcement. How we measure.
- The hour beforeEUR/USD ranged 13 pips, from 1.17454 to 1.17584, and was at 1.17526 at the announcement.
- The first spike After 16 minutes price went through the hour's low and ran 15 pips past it.
- The close back A five-minute candle closed back inside the range after 55 minutes.
- The other side Price then traded through the opposite edge of the range within four hours.
- The moves From the last price before the announcement: −4.5 pips at 15 minutes, +4.6 pips at one hour, +13 pips at four hours.
Across 14 measured ECB decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 10 (71%), and in 6 of those price then took the other side within four hours. In the other 4 the first move held. Median move in the first 15 minutes: 15 pips.
This decision is one of the closed-back cases. Counts include the decisions where it did not close back. All ECB dates · ECB overview.
ECB July 2025 decision: questions
What time was the ECB interest rate decision on Jul 24, 2025?
It was announced at 2:15 PM Frankfurt (8:15 AM EDT New York, 1:15 PM London London), with the press conference at 2:45 PM Frankfurt.
What did the ECB decide in July 2025?
Held at 2.00% (previous 2.00%). Economists expected: hold at 2.00%, so the decision was as expected.
How did EUR/USD react to the ECB decision in July 2025?
On one-minute candles: the hour before ranged 13 pips; the first spike went below it by 15 pips; a five-minute candle closed back inside after 55 minutes; after one hour EUR/USD was +4.6 pips from its pre-announcement price.
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