Published 3 years ago

European Central Bank holds interest rates but tweaks guidance

Summary by Ground News

The ECB has committed to purchasing 1.85 trillion euros ($2.2 trillion) of bonds until March 2022 as part of its Pandemic Emergency Purchase Program. The central bank's Governing Council revised its forward guidance on interest rates, having upgraded its inflation target to a symmetric 2% over the medium term.

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Reuters

Lagarde won over most dissenters but two held out in ECB guidance debate

FRANKFURT - A significant group of European Central Bank policymakers objected to the new interest rate guidance it gave on Thursday but most were won over and only two -- the German and Belgian central bank chiefs -- held out, four sources told Reuters. The ECB said after Thursday's meeting that it would not hike borrowing costs until it sees inflation reaching its 2% target "well

3 years ago·United Kingdom

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Irish Independent

European Central Bank to keep stimulus measures in place for now

The European Central Bank has indicated it may keep its stimulus measures in place for longer, even if it overshoots its 2pc inflation target.

3 years ago·Ireland

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CNBC

European Central Bank holds interest rates but tweaks guidance

The European Central Bank on Thursday held monetary policy steady, but tweaked its guidance to reflect its recently-hiked inflation target.

3 years ago·United States

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The Gal Times

Monetary policy The European Central Bank suggests that the monetary stimulus will continue for a long time to come

The central bank has made it clear that key interest rates will not be changed until the securities purchase programs have been discontinued.European the central bank (ECB) hinted on Thursday that its monetary stimulus may continue longer than previously estimated. The reason is that the central bank moved two weeks ago price stability objective. Officially, the ECB maintains its old estimate that the emergency funding initiated due to the co…

3 years ago

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