The
European Central Bank
leaves interest rates flat as expected: the main rate remains at zero, the deposit rate at -0.50% and the marginal loan rate at 0.25%.
This was announced by the ECB after the meeting of the Governing Council.
The crisis in Ukraine is a "watershed moment" for Europe and the ECB is ready to do "whatever is necessary" to support the economy, including liquidity support, says the central institution in the note issued at the end of the board .
The ECB "will conclude net purchases through the App program in the third quarter" if the incoming data confirms the inflation scenario.
He communicates this in a note, adding that purchases with the pandemic program will end in March and that those with the App will amount to 40 billion in April, 30 billion in May and 20 billion in June.
European prices worsen after the monetary policy communications of the ECB.
Milan
goes to the lows of the day and expands the decline to over 4%,
Paris
drops 3.3%,
London
1.6%.
After a slight improvement, the Italian BTPs take a hard hit, with the spread soaring to 163 basis points, up by 16 basis points on yesterday, and the yield on our ten-year bonds soaring by 24 basis points, up above the 1.9%, following the announcement of the possible closure of Qe in the third quarter of 2022.
Asian markets in general widely positive after Wednesday's run on European stock exchanges and the rise on Wall street: the best price list in the area is definitely that of Tokyo, which closed up 3.9%.
Chinese markets also performed well with Shanghai up by 1.2% and Shenzhen by over two percentage points, while Seoul recorded a final increase of 2%.
The closing of Sydney was up 1.1%, where several stocks are listed that can anticipate the start of their sectors in Europe.