EURUSD Unchanged as ECB Maintains Rates and PEPP Size
- Shane O’Neill, Head of Interest Rates at Validus Risk Management
- 09.09.2021 02:30 pm #RiskManagement #currency #conferences
Commenting on the market reaction as attention turns to President Lagarde’s press conference, Shane O’Neill, Head of Interest Rates at Validus Risk Management, said: “As expected, the ECB did not change its main interest rates or the size of its PEPP envelope, which remains at EUR1,850 billion. The PEPP will continue until at least March 2022, but the monthly pace of purchases will be adjusted to a “moderately” slower pace compared to the current EUR80bio/month.
“EURUSD is virtually unchanged on the news and market attention will now turn to the press conference, where President Lagarde is sure to receive many questions on the specifics on the PEPP going forward.”
