WATCH LIVE: ECB Press Conference following June meeting By Investing.com

By Samuel Indyk

Investing.com – Watch the introductory statement by ECB President Christine Lagarde followed by question-and-answer session below.

Key Points from the statement

• ECB keeps interest rates on main refinancing operations, marginal lending facility and deposit facility unchanged at 0.00%, 0.25% and -0.50% respectively.
• Will continue to conduct net asset purchases under the pandemic emergency purchase programme (PEPP) with a total envelope of EUR 1.850 trillion until at least the end of March 2022.
• Governing Council expects net purchases under the PEPP over the coming quarter to continue to be conducted at a significantly higher pace than during the first months of the year.
• ECB stands ready to adjust all of its instruments, as appropriate, to ensure that inflation moves towards its aim in a sustained manner, in line with its commitment to symmetry.
• ECB upgrades 2021 GDP growth forecast to 4.6% from 4.0% seen in March.
• ECB lifts 2021 CPI view to 1.9% from 1.5% in March. Keeps 2023 view at 1.4%.