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Monetary policy decisions
The Governing Council decided to reconfirm its very accommodative monetary policy stance. First, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics. ... (full story)
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*ECB Leaves PEPP Bond Buying "Envelope" At EUR1.85 Trillion
— *Walter Bloomberg (@DeItaone) January 21, 2021
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ECB unchanged; reconfirms its accommodative monetary policy pic.twitter.com/gLvZjJjNit
— Newsquawk (@Newsquawk) January 21, 2021
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BREAKING! The #ECB leaves rates unchanged, will keep bond buying in place until March 2022 or end of #COVID19 crisis, will reinvest maturing bonds until at least 2023. So at least 3 more years of QE of some sorts. pic.twitter.com/uFzmzgXgJl
— jeroen blokland (@jsblokland) January 21, 2021
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