April 23, 2021/Cowry Asset Report

In the just concluded week, the European Central Bank (ECB) reconfirmed its accommodative stance as the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility were left unchanged at 0.00%, 0.25% and -0.50% respectively during its April 2021 meeting. Notably, the Governing Council appeared to strongly have it eyes on inflation rate, as it hinted that the key interest rates would remain at their current low levels until inflation outlook converged to a level close to its projection of 2%.

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