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, he now delivers his comments on the prospects for monetary policy at a press conference.
Featured statements
“The ECB expects GDP growth in 2020 of -7.3% compared to -8% observed in September.”
“The ECB expects GDP growth in 2021 of 3.9% compared to 5% in September.”
“The ECB expects GDP growth in 2022 of 4.2% compared to 3.2% in September.”
“The ECB expects GDP growth in 2023 of 2.1%.”
“The ECB forecasts that inflation for 2020 will be 0.2% compared to 0.3% in September.”
“The ECB expects inflation in 2021 to be 1%.”
“The ECB forecasts that inflation for 2022 will be 1.1% compared to 1.3% in September.”
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