Reproduction is permitted provided that the source is acknowledged. We are always working to improve this website for our users. For counterparties that maintain their levels of credit provision, the rate applied in these operations will be lower, and, over the period ending in June 2021, can be as low as 25 basis points below the average interest rate on the deposit facility. This does not mean that this month’s decision will be a non-event – To avert a surprise, or to prevent ‘seeming behind the curve,’ The ECB needs to guide the market as to what it may do in December, if any thing at all. Monetary policy decisions . News News Thursday 10 December 2020, 2:59 PM ECB press release 10 December 2020. The Governing Council will continue its purchases under the pandemic emergency … 4 June 2020 . ... is especially important with respect to these households because a lack of comprehensiveness lowers the acceptance of monetary policy. The Governing Council continues to expect net asset purchases to run for as long as necessary to reinforce the accommodative impact of its policy rates, and to end shortly before it starts raising the key ECB interest rates. ECB (European Central Bank) – central bank for the euro and administers monetary policy of the Eurozone, which consists of 19 EU member states.ECB announcements very important for traders. The LTROs will provide liquidity at favourable terms to bridge the period until the TLTRO III operation in June 2020. The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 14:30 CET today. At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The envelope for the pandemic emergency purchase programme (PEPP) will be increased by €600 billion to a total of €1,350 billion. Under this review, ECB officials will “take stock of how the monetary policy strategy has supported the fulfillment of the ECB’s mandate under the Treaty over the years and consider whether any elements of the strategy need to be adjusted.”. We use cookies on our website for a better user experience. Seventh, the Eurosystem repo facility for central banks (EUREP) and all temporary swap and repo lines with non-euro area central banks will be extended until March 2022. Find out how the ECB promotes safe and efficient payment and settlement systems, and helps to integrate the infrastructure for European markets. ECB press release 10 September 2020 At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. Below is a the calendar of … In view of the economic fallout from the resurgence of the pandemic, today the Governing Council recalibrated its monetary policy … In view of the economic fallout from the resurgence of the pandemic, today the Governing Council recalibrated its monetary policy instruments as follows: First, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00 per cent, 0.25 per cent and -0.50 per cent respectively. In response to the pandemic-related downward revision to inflation over the projection horizon, the PEPP expansion will further ease the general monetary policy stance, Dig deeper into the ECB’s activities and discover key topics in simple words and through multimedia. Fifth, the Governing Council also decided to offer four additional pandemic emergency longer-term refinancing operations (PELTROs) in 2021, which will continue to provide an effective liquidity backstop. 10 December 2020. These operations will support bank lending to those affected most by the spread of the coronavirus, in particular small and medium-sized enterprises. PRESS RELEASE. 3 hours ago Central Banks, Economics, FOREX, NEWS 23 Views. Expectations are rising for the ECB (European Central Bank) to change its monetary policy, however, the expectations are rising for action to be taken in December. FRANKFURT, Germany – At the June 4, 2020, meeting the Governing Council of the European Central Bank (ECB) took the following monetary policy decisions: “(1) The envelope for the pandemic emergency purchase programme (PEPP) will be increased by €600 billion to a total of €1,350 billion. At today’s meeting the Governing Council decided on a comprehensive package of monetary policy measures: (1) Additional longer-term refinancing operations (LTROs) will be conducted, temporarily, to provide immediate liquidity support to the euro area financial system. What happened last time? In combination with the existing asset purchase programme (APP), this will support favourable financing conditions for the real economy in times of heightened uncertainty. Fourth, the Governing Council decided to extend to June 2022 the duration of the set of collateral easing measures adopted by the Governing Council on 7 and 22 April 2020. ET (4) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. Key figures and latest releases at a glance. ECB confirms monetary policy has run its course – Part 1 (September 17, 2019). The ECB has a crucial decision to make — here’s what analysts expect Last Updated: Dec. 8, 2020 at 11:21 a.m. The European Central Bank held interest rates on its main refinancing operations, marginal lending facility and deposit facility at 0.00%, 0.25% and -0.50%, respectively. Read more: ECB Could Opt for 12-Month Extension to Emergency Bond Program. At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The envelope for the pandemic emergency purchase programme (PEPP) will be increased by €600 billion to a total of €1,350 billion. To do this, we use the anonymous data provided by cookies. ECB announcements informs everyone about the decision on interest rates and are one of the most anticipated events on the economic calendar (official website).). 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