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Monetary policy decisions
At today’s meeting, the Governing Council decided to confirm its very accommodative monetary policy stance: The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation ... (full story)
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*ECB Leaves PEPP Bond Buying "Envelope" At EUR1.85 Trillion
— *Walter Bloomberg (@DeItaone) June 10, 2021
*ECB Will Continue To Buy Bonds At "Significantly Higher Pace" Than At Start Of Year
*ECB Will Buy Bonds "Flexibly" To Avoid Tightening Of Financial Conditions
*ECB: Need Not Use PEPP Envelope In Full
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*ECB Continues To Buy Bonds Under APP At EUR20 Billion Per Month
— *Walter Bloomberg (@DeItaone) June 10, 2021
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European Central Bank leaves rates and bond buying unchanged
The European Central Bank decided Thursday to keep interest rates unchanged as market players look for clues on whether the central bank will soon lift its massive pandemic-era stimulus. “The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics,” the bank said in a statement. Recent data has shown an overshoot in inflation for the 19-member area that ... (full story)
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