Historical Year Data · 2022
ECB Main Refinancing Rate in 2022
ECB Main Refinancing Rate opened 2022 at 0.50% and closed at 2.50%, a +400.00% move for the year. The high of 2.50% was reached on December 21, and the low of 0.50% on July 27.
Open
0.50%
2022-01
Close
2.50%
4 data points
High
2.50%
Dec 21
Low
0.50%
Jul 27
Full Year Change
+400.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jul | 0.50% | 0.50% | 0.50% | 0.50% | +0.00% |
| Sep | 1.25% | 1.25% | 1.25% | 1.25% | +0.00% |
| Nov | 2.00% | 2.00% | 2.00% | 2.00% | +0.00% |
| Dec | 2.50% | 2.50% | 2.50% | 2.50% | +0.00% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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