ECB leaves key rates unchanged in April monetary policy meeting, as expected – ForexLive

ECB announces their latest monetary policy decision – 22 April 2021

  • Deposit facility rate -0.50%
  • Main refinancing rate 0.00%
  • Marginal lending facility 0.25%
  • PEPP purchases over the current quarter to continue to be significantly higher
  • Reaffirms size of PEPP program at €1.85 trillion
  • PEPP purchases to be conducted flexibly according to market conditions
  • QE purchases will continue at monthly pace of €20 billion
  • ECB stands ready to adjust all of its instruments, as appropriate
  • Full statement

They are reaffirming their pledge of higher PEPP purchases until June but so far it hasn’t really been showing up in the data, at least not “significantly”.

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