Global Analysis from the European Perspective. Preparing for the world of tomorrow

ECB expands and extends its bond buying as coronavirus resurgence weighs on the recovery

  • The European Central Bank held interest rates on its main refinancing operations, marginal lending facility and deposit facility at 0.00%, 0.25% and -0.50%, respectively.
  • The ECB said it would “continue to monitor developments in the exchange rate with regard to their possible implications for the medium-term inflation outlook.”
  • The euro gained 0.2% against the dollar following the decision.  Source CNBC

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