Market news
27.07.2021, 08:59

ECB: “Lower for longer” re-affirmed – UOB

FXStreet reports that Lee Sue Ann, Economist at UOB Group, reviews the latest ECB event.

“What was supposed to be a non-event July monetary policy meeting at the ECB, turned into a key focus point of the week following the release of its strategic review, where the Governing Council agreed a symmetric inflation target of two per cent over the medium term. As expected, the ECB, on Thursday (22 July), revised its forward guidance on rates, taking a more dovish stance.”

“The latest decision reinforces our view that the ECB will have to remain highly accommodative for some time due to subdued economic activity held back by services, and the longer-term challenges related to the COVID-19 pandemic. While not a discussion at this juncture, the ECB’s dovish bias would suggest that the total reduction of the monthly purchases in 2022 will be less than previously expected, pushing out any speculation on tapering.”

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location