The Governing Council of the ECB decided on Thursday 22 April to keep its very accommodating monetary policy unchanged due to the uncertainty linked to the Covid-19 pandemic still weighing on the euro area economy in the medium term.
In particular, the monetary institute will continue the current pace of repurchases of mainly government securities under the PEPP operation launched in spring 2020 at the outbreak of the pandemic. This rate had been “significantly” increased in mid-March...