European Central Bank unchanged interest rate and asset purchases By Investing.com


© Reuters.

Investing.com – 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

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Check Also

Gold and silver imports increase in May By iDealData

© Reuters. Gold and silver imports increased in May According to the data announced by …

Leave a Reply

Your email address will not be published. Required fields are marked *