Despite a rebalancing of the risks weighing on the euro area economy and a sharp rise in inflation, the Governing Council of the European Central Bank (ECB) decided on Thursday 10 June not to change the very accommodating monetary policy it has been pursuing since the outbreak of the Covid-19 pandemic.
“Preserving favourable financing conditions over the pandemic period remains essential to reduce uncertainty and bolster confidence”, said ECB President Christine Lagarde. According to...