The European Central Bank (ECB) decided to leave the main rates unchanged, the same as the size of its Pandemic Emergency Purchase Program (PEPP) at the end of its monetary policy meeting held this Thursday. The President of the ECB, Christine Lagarde, is speaking at the post-meeting press conference on the considerations underlying these decisions.
Featured statements:
Negative growth factors include a worsening pandemic and lockdowns.
The Covid variants may require stricter measures.
Inflation figures remain extremely weak.
Inflation will turn positive after the reversal of the German VAT cut.
The appreciation of the currency is a drag on inflation.
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