Cookie Settings
Linked in logo
Contact Us
Generali Investments Logo in red

ECB holds a steady hand, no tapering yet

In Short

Tapering postponed: At today’s policy meeting the Governing Council decided to leave the policy stance unchanged. Most importantly, its stated that net PEPP purchases over the coming quarter will “continue to be conducted at a significantly higher pace than during the first months of the year”. This decision was taken based on a joint assessment of financing conditions and the inflation outlook.

Highlights:

  • At today’s meeting the Governing Council maintained its policy stance. Net PEPP purchases will “continue to be conducted at a significantly higher pace than during the first months of the year”.
  • The growth and inflation outlook improved and – unlike the previous meetings – risks were now assessed as “broadly balanced”.
  • While financing conditions were viewed as “broadly stable” the Governing Council sees risks stemming from higher yields.
  • Exchange rate movements remain on the ECB’s radar screen.
  • All in all, the ECB adopted a steady hand approach. Tapering was postponed and the current speed of purchases could be maintained until the PEPP regularly ends in March 2022.

Download the full publication below

ECB holds a steady hand, no tapering yet
PDF
Expertise
Responsible Investing
Insights
About Us
Contact
Picture
Generali Investments logo in grey

© Generali Investments, all rights reserved. This website is provided by Generali Investments Holding S.p.A. as the holding company of the main asset management companies of the Generali Group having, directly or indirectly, the majority shareholding in the companies listed below (hereinafter jointly, “Generali Investments”). This website may contain information related to the activity of the following companies: Generali Asset Management S.p.A. Società di gestione del risparmio, Infranity, Sycomore Asset Management, Aperture Investors LLC (including Aperture Investors UK Ltd), Plenisfer Investments S.p.A. Società di gestione del risparmio, Lumyna Investments Limited, Sosteneo S.p.A. Società di gestione del risparmio, Generali Real Estate S.p.A. Società di gestione del risparmio, Conning* and among its subsidiaries Global Evolution Asset Management A/S - including Global Evolution USA, LLC and Global Evolution Fund Management Singapore Pte. Ltd - Octagon Credit Investors, LLC, Pearlmark Real Estate, LLC as well as Generali Investments CEE. *Includes Conning, Inc., Conning Asset Management Limited, Conning Asia Pacific Limited, Conning Investment Products, Inc., Goodwin Capital Advisers, Inc. (collectively, “Conning”).

Legal Information
Cookies Policy
Privacy Policy
Terms and Conditions
Copyright
Glossary