As expected, the European Central Bank (ECB) has kept key interest rates stable. That is what the bankers of the ECB decided at their policy meeting. However, the central bank continues to support markets by buying up government loans and corporate bonds.
For the corona buy-up programme PEPP, the ECB stated that this will last at least until the end of June or as long as the coronacrisis lasts. The money from the purchased loans will be reinvested at least until the end of 2022.
The ECB also stated that at the next policy meeting in December, there will be more scope for viewing the buy-back programmes, with new estimates showing the impact of the second wave on the euro area economy.