The European central bank, which is responsible for monetary policy in 19 eurozone countries such as Germany and France, continues to implement large-scale monetary easing measures at the current pace, saying that it needs to continue to support the economies severely affected by the new corona virus. I confirmed the policy.
The Central Bank of Europe will hold a board meeting on the 10th to discuss monetary policy, keep the interest rate when depositing funds from financial institutions at minus 0.5%, and purchase assets such as government bonds of each country to supply a large amount of funds. Decided to maintain the scale of quantitative mitigation measures.
In addition, as an emergency measure, we will maintain the scale of asset purchases of 1,850 billion euros (about 250 trillion yen in Japanese yen) and continue our previous policy of significantly accelerating the pace of purchases. confirmed.
In the euro area, the spread of vaccines has increased expectations for economic recovery, and prices are on the rise, so attention was focused on whether to maintain the pace of purchases based on emergency measures, but the European Central Bank is big. He reiterated the need to support the economy with large-scale monetary easing measures.
On the other hand, depending on the financial market conditions, it is possible that purchasing will not be limited to the upper limit, and we will respond flexibly while observing economic trends.