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Monetary policy decisions
Based on a joint assessment of financing conditions and the inflation outlook, the Governing Council judges that favourable financing conditions can be maintained with a moderately lower pace of net asset purchases under the pandemic emergency purchase programme (PEPP) than in the previous two quarters. The Governing Council also confirmed its other measures, namely the level of the key ECB interest rates, its forward guidance on their likely future evolution, its purchases under the asset purchase programme (APP), its reinvestment policies and its longer-term refinancing operations. Specifically:
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ECB: RATES AT PRESENT, LOWER LEVEL UNTIL 2% INFLATION IN SIGHT
— AceMarketU.com (@AceMarketU) September 9, 2021
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ECB: THE ECB ALSO REAFFIRMED ITS OTHER MEASURES, INCLUDING INTEREST RATE LEVELS, FORWARD GUIDANCE ON THEIR PROBABLE FUTURE DEVELOPMENT, PURCHASES UNDER THE APP, REINVESTMENT POLICY, AND LTRO.
— Breaking Market News (@financialjuice) September 9, 2021
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ECB TO REINVEST MATURING PEPP BONDS AT LEAST THROUGH END-2023
— AceMarketU.com (@AceMarketU) September 9, 2021
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ECB: Inflation May Moderately Exceed Goal For Transitory Period
— LSTrade (@LSTrade2) September 9, 2021
ECB: PEPP To Prevent Undue Tightening Of Financing Conditions
PEPP Flexible Regarding Time, Asset Classes, Countries
Low Impact
Breaking
