The ECB had their March Interest Rate Decision meeting earlier. Expectations ranged across the board; however, nothing was too significant. The main takeaway from the meeting and the press conference was as expected, not too significant. The ECB said that given the uptick in inflation and inflation expectations recently, Pandemic Emergency Purchase Program (PEPP) purchases over the next quarter will be significantly faster. In addition, PEPP will run at least through the end on March 2022. ( This did not change, though some expected them to increase the duration.) Recall that one of the main benefits of PEPP is that ... (full story)