Thursday, 11 March, 2021
ecb – sources
* 11-Mar-2021 15:42:12 – ECB POLICYMAKERS AGREED ON MONTHLY PEPP PURCHASE TARGET AT MEETING: SOURCES
* 11-Mar-2021 15:42:12 – ECB’S PEPP MONTHLY TARGET LOWER THAN 100 BLN EUROS, WELL ABOVE 60 BLN EUROS PURCHASED IN FEB: SOURCES
* 11-Mar-2021 15:42:12 – ECB POLICYMAKERS DIFFER ON WHETHER RISE IN YIELDS NEEDS TO BE COMPLETELY UNWOUND: SOURCES
ECB policymakers agree on bond purchase target, differ on yield level aim: sources – Reuters
11-Mar-2021 15:42:54ECB-POLICY/SOURCES (URGENT)
FRANKFURT, March 11 (Reuters) – European Central Bank
policymakers agreed on a monthly bond purchase target when they
met on Thursday but had different views on the desirable level
of yields, three sources told Reuters.
The ECB said on Thursday it would accelerate bond purchases
“significantly” to keep a lid on euro zone borrowing costs but
President Christine Lagarde said they did not have a volume goal
The sources said policymakers set on a monthly target for
the its Pandemic Emergency Purchase Programme with a small
tolerance band around it but agreed not to reveal it.
The sources added that buys would not be as high as the 100
billion euros a month the ECB was buying in the spring of 2020
but it would still be well above the 60 billion euros worth of
bonds the ECB bought last month.
One of the sources said the ECB aimed to push down yields to
where they were in December while another said improved economic
prospects meant part of the recent increase in yields was
An ECB spokesman declined to comment
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