European Central Bank meeting —
At its 4 June 2020 meeting, the European Central Bank held its policy rate at -0.50%.
Decision
hold — -0.50% to -0.50%
Key passages
The envelope for the pandemic emergency purchase programme (PEPP) will be increased by €600 billion to a total of €1,350 billion.
In response to the pandemic-related downward revision to inflation over the projection horizon, the PEPP expansion will further ease the general monetary policy stance, supporting funding conditions in the real economy, especially for businesses and households.
Meeting documents
Background reading
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