After the meeting of the Governing Board the European Central Bank decided to leave benchmark interest rates unchanged and expanded the purchase program. Decisions were generally in line with expectations. The euro rose modestly after the statement. At 13:30 GMT Lagarde will give a press conference.
Among the most relevant, the ECB announced that the pandemic emergency purchase program (PEPP) will continue until March 2022 and increased it by 500,000 million euros.
The ECB indicated that uncertainty remains high, including the dynamics that have to do with the pandemic and the vaccine.
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