Mon, Jun 14, 2021 @ 09:43 GMT
HomeLive CommentsECB announces to continue PEPP at significantly higher pace

ECB announces to continue PEPP at significantly higher pace

ECB left main refinancing rate at 0.00% today, while marginal lending rate and deposit rate are held at 0.25% and -0.50% respectively. It maintained that interest rates will “remain at their present or lower levels” until inflation outlook robustly converge to price target of close to but below 2%.

The pandemic emergency purchase programme will continue with a total envelope of EUR 1850B, “until at least the end of March 2022”. More importantly, purchases will be conducted over the coming quarter at a “significantly higher pace” than during the first months of the year.

Full statement here.

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