WATCH LIVE: ECB Press Conference with President Lagarde

Key Points

ECB keeps main refinancing rate, marginal lending rate and deposit rate unchanged at 0.00%, 0.25% and -0.50% respectively
Governing Council expects the key ECB interest rates to remain at their present or lower levels until it sees inflation reaching two per cent well ahead of the end of its projection horizon and durably for the rest of the projection horizon
Governing Council will continue to conduct net asset purchases under the PEPP with a total envelope of EUR 1.850 trillion until at least the end of March 2022
Net purchases under the APP will continue at a monthly pace of EUR 20 billion
Governing Council stands ready to adjust all of its instruments, as appropriate, to ensure that inflation stabilises at its two per cent target over the medium term
Full statement from the ECB available here