The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding […]
ECB will apply flexibility in reinvesting redemptions coming due in the PEPP portfolio
The Governing Council met to exchange views on the current market situation. Since the gradual process of policy normalisation was initiated in December 2021, the Governing Council has pledged to act against resurgent fragmentation risks. The pandemic has left lasting vulnerabilities in the euro area economy which are indeed contributing to the uneven transmission of […]
New ECB monetary policy decisions
The Russian invasion of Ukraine is a turning point for Europe. The Governing Council expresses its unconditional support for the people of Ukraine. The Governing Council will ensure adequate liquidity conditions and implement the sanctions agreed by the European Union and European governments. It will also take all necessary measures to fulfil the price stability […]
ECB to stop buying debt in March
On February 3, the Governing Council confirmed the decisions taken at its monetary policy meeting last December, among which it will maintain interest rates and stop buying public debt by the end of March of this year. In the first quarter of 2022, the Governing Council is making net asset purchases under the PEPP at […]