WATCH LIVE: ECB Press Conference with President Lagarde By Investing.com

Key Points

• ECB keeps main refinancing rate, marginal lending rate and deposit rate unchanged at 0.00%, 0.25% and -0.50% respectively
• Governing Council expects the key ECB interest rates to remain at their present or lower levels until it sees inflation reaching two per cent well ahead of the end of its projection horizon and durably for the rest of the projection horizon
• Governing Council will continue to conduct net asset purchases under the PEPP with a total envelope of EUR 1.850 trillion until at least the end of March 2022
• Net purchases under the APP will continue at a monthly pace of EUR 20 billion
• 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 statement from the ECB available here

Watch the press conference with European Central Bank President Christine Lagarde below:

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