The European Central Bank's Monetary Policy Decision
1445 CET - Frankfurt am Main Germany
The Governing Council takes its monetary policy decision every six weeks.
The European Central Bank (ECB) is the central bank for Europe's single currency, the euro. The ECB's main task is to maintain the euro's purchasing power. ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at.
ECB President Christine Lagarde explained the Governing Councils monetary policy decisions and answered questions from journalists at the..
The Governing Council decided to keep interest rates unchanged. The main refinancing rate, the marginal lending facility rate and the deposit facility rate will remain at 0.00%, 0.25% and -0.50% respectively.
The Governing Council also decided to continue its asset purchase program at a monthly pace of €80 billion until at least the end of March 2022. The Governing Council will also continue to reinvest the principal payments from maturing securities purchased under the program.
The Governing Council's monetary policy decisions are based on its assessment of the economic outlook and the risks to price stability. The Governing Council takes into account a wide range of factors, including economic data, forecasts, and market developments.
The Governing Council is committed to maintaining price stability in the euro area. The Governing Council will continue to monitor the economic situation and adjust its monetary policy as necessary to achieve its objective of price stability.
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