Key Points

  • kept all three interest rates unchanged, as expected.
  • Will continue to conduct net asset purchases under PEPP until at least the end of March 2022
  • Expects rates to remain at present or lower levels until it has seen inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon
  • Full monetary policy statement available here

Watch ECB President Christine Lagarde and Vice-President Luis de Guindos explain the monetary policy decisions below:

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