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The European Central Bank (ECB) decided to leave key rates and the size of its Pandemic Emergency Purchase Programme (PEPP) at the end of its monetary policy meeting held this Thursday.
Highlights Quotes
“Pandemic poses serious risks; vaccination important milestone.”
“New surge in infections, restrictions are disrupting.”
“Services severely curbed.”
“Economy likely contracted in Q4; inflation remains very low.”
“Short term risks on downside due to COVID.”
“Incoming data confirm previous baseline.”
“Sees protracted weakness in inflation.”
“Uncertainty remains high.”
“Will monitor developments in exchange rate.”
“Pandemic to weigh on activity in 1Q21.”
“Economic developments uneven.”
“Consumers remain cautious.”
“Rollout of vaccines allows for greater confidence.”
“It will take time to reach widespread immunity.”
“Risks to growth outlook tilted to downside.”
“Downside risk less pronounced.”
“Inflation likely to increase in coming months.”
“Underlying price pressures subdued.”
“Once pandemic fades, upward pressure on inflation over medium term.”
