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Breaking: ECB Leaves Rates Unchanged, Expands PEPP by €500 Billion to End-March 2022

Adel 10 December, 2020 5:00 pm Daily Economic Reports, Economic Report, Market Update

The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected.

The ECB further announced that it decided to increase the envelope under the Pandemic Emergency Purchase Programme (PEPP) by €500 billion to a total of €1,850 billion. The bank also extended the horizon for net purchases under the PEPP to at least the end of March 2022.

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