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ECB maintains high rate of bond purchases

The European Central Bank’s governing council maintained its elevated rate of bond purchases unchanged at its monetary policy meeting today (June 10).

Despite higher inflation and improved economic forecasts, the ECB’s policy statement says the governing council decided “to confirm its very accommodative monetary policy stance”.

The ECB expects to maintain asset purchases under the Pandemic Emergency Purchase Programme (PEPP) at the elevated level it has implemented since March. That month, in

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