ECB: No changes to the accommodative stance – UOB

Pablo Piovano FXStreet

The ECB is expected to keep the current stance at its next event, noted Lee Sue Ann, Economist at UOB Group.

Key Quotes

“The ECB’s latest announcement – that purchases under the Pandemic Emergency Purchase Programme (PEPP) over the coming quarter will continue to be conducted at a significantly higher pace than during the first months of this year – reinforces our view that the ECB will remain highly accommodative for longer.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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