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:
The exchange rate will be carefully monitored.
The fourth quarter GDP decline will extend into the first quarter.
The forecast for 2021 remains broadly valid.
Early locks are currently in effect.
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