No lower interest rates and no extension of the buy-back programme: the European Central Bank (ECB) thinks it is right. Thursday afternoon, the central bank announced that it would not provide additional support for the time being, despite the new lockdowns.
Reporter Dorinde Meuzelaar and stock exchange editor Bernard Vogelsang follow Lagardes press conference and the reactions of the financial markets. Read their tweets at the bottom of this article.
However, the ECB states that it is ready to intervene further if it is necessary for the euro area economy.
Analysts also did not expect the ECB to take action again beforehand. In December, ECB President Christine Lagarde announced an increase in corona aid of €500 billion. In total, the ECB buys up to March 2022 €1,850 billion in government bonds. This should ensure that interest rates for governments in the euro area do not rise too high.
This afternoon, Lagarde will give an explanation of the interest rate decision at half past three.