As expected, the European Central Bank (ECB) is not changing its course of action.
At the end of its monetary policy meeting, it announced Thursday the maintenance of its interest rates and the continuation of its asset purchases in the second quarter, at the sustained pace adopted since mid-March.
The President of the ECB, Christine Lagarde, succeeded in making this meeting "
a non-event
", summarizes Samy Chaar, chief economist of Lombard Odier.
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The ECB is keeping its main interest rate at zero and will continue to apply a 0.50% levy on deposits that banks entrust to it instead of lending them to their customers.
The central bank of the euro zone will also be able to continue its asset repurchases, as part of the emergency purchase program linked to the pandemic of 1.850 billion euros, at least until March 2022.
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The Governing Council said Thursday that "
the ECB's key interest rates will remain at their current levels or at lower levels"
until
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