The ECB maintained key interest rates low, and confirmed it will discontinue net asset purchases under the pandemic stimulus program at the end of March 2022, and that monthly net purchases will amount to €40 billion in the second quarter of 2022, €30 billion in the third quarter and €20 billion from October onwards and for as long as necessary to reinforce the accommodative impact of its policy rates. The central bank also expects net purchases to end shortly before it starts raising the key ECB interest rates.
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