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2020/04/30 / Erste Group Research

Short Note ECB | ECB reduces interest rates, but does not cut key rates

At its meeting which ended today, the Governing Council decided on two further measures aimed primarily at ensuring that banks had sufficient liquidity at low interest rates.

By far the most important statement at the ECB President's press conference was certainly about the PEPP purchasing programme, whose volume is currently set at EUR 750 billion. Christine Lagarde never tired of emphasising the flexibility of the programme, which relates to the distribution across security classes, jurisdictions and countries.

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General information

AuthorErste Group Research
Product nameShort Notes Major Markets
Topic in focusMacro/ Fixed income
Economy in focusEurozone
Currency in focusEuro
Sector in focus-


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