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- Breaking: ECB leaves rates unchanged, confirms March end to PEPP, boosts APP in Q2 & Q3
Breaking: ECB leaves rates unchanged, confirms March end to PEPP, boosts APP in Q2 & Q3
The European Central Bank announced on Thursday that its Deposit Facility Rate would be left unchanged at -0.50%, as unanimously expected by analysts and market participants. The bank confirmed that the Pandemic Emergency Purchase Programme (PEPP) would end in March 2022, also as expected.
To avoid a cliff-edge drop off in net bond purchases at the start of Q2, the ECB announced that the pace of monthly purchases under its pre-pandemic QE scheme called the Asset Purchase Programme (APP) would be upped to EUR 40B in Q2, and EUR 30B in Q3 from current levels of EUR 20B.
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