The European Central Bank, which is responsible for the monetary policy of 19 euro area countries such as Germany and France, plans to continue large-scale mitigation measures to support the economy in response to the spread of the new coronavirus infection. I confirmed.
The Central Bank of Europe held a board meeting on the 22nd to discuss monetary policy for the time being, leaving the interest rate when depositing funds from financial institutions at minus 0.5%, and purchasing assets such as government bonds of each country to raise a large amount of funds. We have decided to maintain the scale of the quantitative easing measures we supply.
We also reaffirmed our policy of significantly accelerating the pace of asset purchases based on emergency measures.
Behind the continuation of large-scale monetary easing measures is the spread of infection by mutated viruses, strict restriction measures being taken in various places, vaccination being delayed compared to the United States and the United Kingdom, and the economic outlook. You may see it as uncertain.
The Central Bank of Europe believes that measures to support the economy are indispensable because it will take time for the euro area economy to recover, and will continue to manage monetary policy while keeping an eye on economic trends.