The European Central Bank (ECB) decided to leave key rates unchanged and expanded the Pandemic Emergency Purchase Program (PEPP) by € 500 billion to a total of € 1.85 billion until the end of March 2022. Christine Lagarde, President of the ECB, now delivers his comments on the prospects for monetary policy at a press conference.
Featured statements
“The depth and duration of the second wave of coronavirus is greater than expected.”
“Fourth quarter GDP growth is estimated at -2.2%.”
“We have good reason to believe that by the end of 2021 we will have achieved sufficient herd immunity.”
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