ECB: rates firm, Pepp bond purchases slow down

(ANSA) - ROME, SEPTEMBER 09 - The ECB leaves interest rates unchanged, while the pace of purchases of the Pepp pandemic program slows down. This was decided at the monetary policy meeting in which he confirmed, as expected, the main tax at zero, the deposit rate at -0.50% and the marginal loan rate at 0.25%. At the same time, the Governing Council "judges that favorable financing conditions can be maintained with a moderately slower pace of net asset purchases through the Pepp Pandemic Emergency Program", while reiterating that it will continue bond purchases through the traditional 'App' program. at a monthly rate of 20 billion euros, and that "it continues to expect net purchases to proceed for as long as necessary to reinforce thedovish impact of interest rates, and terminate shortly before interest rates begin to rise. "

   (HANDLE).