BREAKING : ECB leaves key rates unchanged, expands PEPP by €600 billion
At its monetary policy meeting held on June 4th, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected.
More importantly, the ECB announced that it expanded its Pandemic Emergency Purchase Programme (PEPP) by €600 billion to €1,350 billion.
Rate : Unchanged at 0.00% Good for Euro
PEPP More than estimate : Bad for Euro
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At its monetary policy meeting held on June 4th, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected.
More importantly, the ECB announced that it expanded its Pandemic Emergency Purchase Programme (PEPP) by €600 billion to €1,350 billion.
Rate : Unchanged at 0.00% Good for Euro
PEPP More than estimate : Bad for Euro
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