ECB: No change expected in monetary policy – UOB

The ECB is forecast to keep the monetary conditions unchanged at its event on Thursday, noted Economist at UOB Group Lee Sue Ann.

Key Quotes

“The ECB’s latest announcement – that purchases under the Pandemic Emergency Purchase Programme (PEPP) over the next quarter will be conducted at a significantly higher pace than during the first months of this year – reinforces our view that it will remain highly accommodative for longer.”