European Central Bank meeting —
At its 16 December 2021 meeting, the European Central Bank held its policy rate at -0.50%.
Decision
hold — -0.50% to -0.50%
Key passages
The Governing Council judges that the progress on economic recovery and towards its medium-term inflation target permits a step-by-step reduction in the pace of its asset purchases over the coming quarters. But monetary accommodation is still needed for inflation to stabilise at the 2% inflation target over the medium term.
In view of the current uncertainty, the Governing Council needs to maintain flexibility and optionality in the conduct of monetary policy.
Meeting documents
Background reading
Previous meeting · Next meeting · Open the full decision workspace
The Cadence Brief
The one number that moved central bank pricing — delivered each weekday morning.