He European Central Bank (ECB) decided to leave main rates unchanged, 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:
“The pandemic presents serious risks, although vaccination is an important milestone.”
“There is a new increase in infections, and the restrictions are causing a disruption.”
“Services are severely restricted.”
“The economy probably contracted in the fourth quarter; inflation is still very low“.
“The short-term risks are to the downside due to COVID. “
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