• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

ECB Stands Pat on Policy Rates and Bond Buying Program

June 10, 2021 by Forex Winner Leave a Comment

ECB Stands Pat on Policy Rates and Bond Buying Program

Source: CNBC

The European Central Bank kept its policy rates steady on Thursday as it maintained that the uptick in inflation is transitory.

  • The ECB left its ultra-low interest rates unchanged — the headline eurozone rate at 0% and deposit rate at -0.5%.
  • It maintained its 1.85-trillion euro bond-buying program until March 2022 under the Pandemic Emergency Purchase Program (PEPP).
  • ECB President Christine Lagarde said inflation will likely continue to accelerate in the second half but decline as drivers taper down.
  • Lagarde attributed the uptick to base effects, transitory factors, and the hike in energy prices.
  • The ECB revised upward its inflation forecast for 2021 to 1.9% and for 2022 to 1.5%.
  • Projections indicate a gradual increase in underlying pressures but the ECB maintained that these remain subdued.
  • The gross domestic product (GDP) outlook was also upgraded to 4.6% for 2021 and 4.7% for 2022.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News Tagged With: ECB

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published.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

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Boohoo Group Lowers Revenue Targets for Fiscal 2024

October 3, 2023

Microsoft Corp. Shares Experience 1.92% Increase

October 2, 2023

Singapore Blank-Check Company to Acquire Taiwan Social-Entertainment Platform

October 2, 2023

Footer

Forex Broker Reviews

eightcap

Eightcap Review

December 16, 2019 By Forex Winner

FXCM

FXCM Review

November 13, 2019 By Forex Winner

Videforex

Videforex Review

May 22, 2019 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Andre

FundedNext Review

August 16, 2023 By Andre

Topstep Forex Review

August 14, 2023 By Andre

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure