The Governing Council of the European Central Bank (ECB) continues to pursue a very accommodating monetary policy, characterised in particular by the PEPP operation involving the massive repurchase of securities, the massive injection of liquidity into the banking sector and very low or even negative key rates.
“Ample monetary stimulus remains necessary to support the economic recovery and to safeguard medium-term price stability. Therefore, we decided to reconfirm our accommodative...