WATCH LIVE: Lagarde press conference as ECB agrees to slow pace of bond buys

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imageEconomy2 hours ago (Sep 09, 2021 13:04)

© Reuters

Key Points

  • ECB 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
  • Interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively
  • Governing Council stands ready to adjust all of its instruments, as appropriate, to ensure that inflation stabilises at its two per cent target over the medium term
  • Full monetary policy statement here

Watch the ECB President Christine and Vice-President Luis de Guindos explain the Governing Council’s monetary policy decisions and answer questions from journalists below:

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WATCH LIVE: Lagarde press conference as ECB agrees to slow pace of bond buys

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