European Central Bank (ECB) President Christine Lagarde will address a press conference on the outcome of a board meeting held in Frankfurt, Germany, on March 12, 2020.
Kai Faffenbach | Reuters
Is European Central Bank Market players decided to keep interest rates unchanged on Thursday as central banks look for clues as to whether the central bank will soon lift the stimulus of its massive pandemic era.
“The Board expects inflation outlook to be close enough to 2% within expectations, but key ECB rates will remain at current or lower levels until they are steadily converged below that level. Such convergence is consistent, reflected in the underlying inflationary dynamics. “
Recent data is Euro, Close to the ECB’s target of 2% but less than 2%. The ECB had previously expected prices to rise in 2021, but said it was temporary.
Therefore, market players are looking for answers on how long central banks will sustain their enormous monetary stimulus. As part of the Pandemic Emergency Purchase Program (PEPP), we have promised to purchase € 1.85 trillion ($ 2.2 trillion) of bonds by March 2022.
This is the latest news and is updated.
European Central Bank Conference June 2021: Economic Forecast
Source link European Central Bank Conference June 2021: Economic Forecast