ECB: No changes to the accommodative stance – UOB

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.”