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Christine Lagarde, Head Of State of the European Reserve bank, restated her position on keeping accommodative financial plan.
" The regulating council decided to reconfirm its extremely accommodative financial plan stance. We will maintain the essential ECB interest rates unchanged, we anticipate them to stay at their existing or reduced levels till we have actually seen the rising cost of living expectation robustly converge to a degree sufficiently close but listed below 2% within our forecast perspective," Lagarde stated.
Possession purchases will continue, Lagarde kept in mind.
" We will certainly remain to conduct web property acquisitions under the Pandemic Acquisition Program with a total envelope of 1,850 billion Euros, up until at least March 2022," she stated.
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ECB will continue 1.8 trillion euros of 'asset purchase'; Lagarde gives growth outlook
Christine Lagarde, President of the European Central Bank, reiterated her stance on maintaining accommodative monetary policy.
"The governing council decided to reconfirm its very accommodative monetary policy stance. We will keep the key ECB interest rates unchanged, we expect them to remain at their present or lower levels until we have seen the inflation outlook robustly converge to a level sufficiently close but below 2% within our projection horizon," Lagarde said.
Asset purchases will continue, Lagarde noted.
"We will continue to conduct net asset purchases under the Pandemic Purchase Program with a total envelope of 1,850 billion Euros, until at least March 2022," she said.
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