European Central Bank unchanged interest rate and asset purchases By

© Reuters. – The ECB held its first meeting in 2021 today, interest rates remained unchanged, it will continue its asset purchase program with purchases of 20 billion euros per month, and pandemic asset purchases were maintained at 1.85 trillion euros.

The restrictions put into effect in the Euro Zone due to the increasing cases in the last quarter of 2020 continue, and the weakness in PMI indicators, especially services, continues in this process. In his speech last week, ECB President Lagarde stated that the introduction of the vaccine, the Brexit agreement and the lack of a complete closure despite the restrictions reduced uncertainties slightly per pandemic, but both monetary and financial incentives should continue.

In his speech today, his explanations on the economic outlook of the region, inflation and the strengthening in the euro will be followed.

Author: Deniz Engin

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