European Central Bank meeting —

At its 10 March 2022 meeting, the European Central Bank held its policy rate at -0.50%.

Decision

hold — -0.50% to -0.50%

Key passages

The Russian invasion of Ukraine is a watershed for Europe.

Major geopolitical risk acknowledged; could delay or alter policy path.

Monthly net purchases under the APP will amount to €40 billion in April, €30 billion in May and €20 billion in June.

Clear tapering schedule signals gradual withdrawal of stimulus.

Meeting documents

Background reading

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