Source: European Central Bank
The European Central Bank will purchase 1.85 trillion euros or $2.2 trillion of bonds until March 2022.
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- The central bank’s Governing Council left the main deposit facility rate unchanged at -0.5%.
- The benchmark refinancing rate was maintained at 0% while the marginal lending facility remained at 0.25%.
- The central bank is expected to keep the key interest rates at the present or lower levels until an inflation target of 2% is achieved sustainably.
- ECB promised to keep purchasing bonds flexibly in a manner that does not tighten financing conditions, while also countering the adverse impacts of the pandemic.