BREAKING: ECB keeps rates unchanged and expands PEPP by €500 billion

The ECB kept its main refinancing rate unchanged at 0% as widely expected. The interest rates on the marginal lending facility and the deposit facility will also remain steady at 0.25% and -0.50% respectively. The ECB increased the size of its Pandemic Emergency Purchase Programme by €500 billion until March 2022 in order  to maintain liquidity and shore up the economy hit by the coronavirus pandemic. 

Bank raised total amount that counterparties will be entitled to borrow in TLTRO operations from 50% to 55% of their stock of eligible loans.

EURUSD broke above the 1.2107 resistance after today's data releases and is heading towards 1.2141 resistance level. Source:xStation5 

 

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