ECB leaves stimulus unchanged

Christine Lagarde unveils new lending facility

The European Central Bank’s governing council decided to keep its monetary policy unchanged after the meeting of its governing council today (January 21).

ECB president Christine Lagarde said the latest wave of the Covid-19 pandemic had probably caused eurozone GDP to fall again in the last quarter of 2020.

The ECB kept its deposit rate at -0.5%, its main refinancing operations rate at 0%, and the marginal lending facility rate at 0.25%. The size of the ECB’s Pandemic Emergency Purchase

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